A 2015 Ethereum ICO whale moved $2.74M in ETH to Kraken, signaling calculated liquidation amid institutional buying.
BlackRock added 23,600 ETH worth $60M to its ETHA ETF, marking a focused institutional pivot toward Ethereum exposure.
A high-volume trader reentered the market, buying ETH at a loss of $1M, reflecting sharp moves amid rising prices.
An early Ethereum ICO participant moved 1,050.5 ETH valued at $2.74 million to Kraken, signaling potential strategic liquidation ahead of ongoing institutional accumulation. Meanwhile, BlackRock has funneled $60 million worth of Ethereum into its ETHA ETF, reflecting rising demand from large-scale investors.
As brought to the public by Onchain Lens, a wallet that received 10,095 ETH during Ethereum’s 2015 ICO recently sent 1,050.5 ETH to Kraken’s hot wallet. Despite this significant transfer, the address still controls over 7,260 ETH, worth around $19.1 million, staked across multiple wallets. This sell-off represents only a partial liquidation of a once massive ICO holding.
https://twitter.com/OnchainLens/status/1925403199164592237
The transaction records reveal a pattern of synchronized movements between two wallets: 0xdb0c6d and Token Millionaire (0x722bbd). The wallet 0xdb0c6d received 1,050 ETH from Token Millionaire before immediately sending the same amount to Kraken. This one-to-one mirroring also occurred with smaller transfers of 0.5 ETH, indicating coordinated timing and value parity. The consistent USD equivalence and near-simultaneous execution suggest deliberate liquidity staging rather than casual transfers.
This precision highlights a strategic approach, likely aimed at gradually converting ETH into liquid assets while managing market impact. These coordinated transactions shed light on the trading behavior of legacy ICO holders adjusting to current price dynamics.
BlackRock Boosts ETHA ETF with $60 Million in Institutional Inflows
Recent movements in the sector have reshaped priorities for institutional investors. BlackRock’s ETHA Ethereum ETF has received three large deposits from Coinbase Prime wallets totaling 23,600 ETH, worth about $60.8 million. The latest transfer, 9,989 ETH valued at $26.47 million, arrived just 45 minutes ago. The two previous transfers, 8,162 ETH and 5,449 ETH, were worth $20.84 million and $13.5 million, respectively.
These coordinated inflows emphasize a strategic build-up of Ethereum exposure underpinned by secure custody via Coinbase Prime’s institutional hot wallets. The ETHA ETF focuses exclusively on Ethereum, showing no Bitcoin ETF overlap. This focused accumulation highlights institutional confidence in Ethereum’s long-term fundamentals and its role as a core crypto asset.
Whale Reenters Market Amid Ethereum Rally, Absorbing $1M Loss as Volume and Price Soar
Simultaneously, a known trader reversed course after selling 2,522 ETH for nearly $4 million a month ago. Hours ago, the same wallet repurchased 1,425 ETH at $2,670 each for $3.8 million, effectively reducing their holdings and suffering over $1 million in price slippage. These transactions involved seamless swaps between USDC and ETH on Uniswap V4 and smart contracts, reflecting active portfolio management amid rising ETH prices.
CoinMarketCap reports Ethereum trading at $2,677.67, up 4.89% in 24 hours, with volume rising 52.75% to $37.2 billion. The market cap now sits at $323.26 billion, supported by a fully circulating supply of 120.72 million ETH. This surge follows whale activity and ETF inflows, underscoring growing market liquidity and renewed investor appetite.
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