Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Ethereum whale sends 5,000 ETH to Kraken amid ongoing sales

Ethereum whale sends 5,000 ETH to Kraken amid ongoing sales

GrafaGrafa2024/10/08 08:25
By:Mahathir Bayena

According to recent blockchain data, an Ethereum (CRYPTO:ETH) ICO whale transferred 5,000 ETH, valued at $12.22 million, to Kraken. 

This transaction is part of a broader pattern, as the whale has sold 45,000 ETH over the past two weeks, generating $113.2 million at an average price of $2,516 per token. 

Since the ICO, the whale has sold a total of 60,000 ETH for $149.68 million through consistent, incremental sales over the years. 

According to reports, the whale's first major sale occurred in July 2019, when 5,000 ETH was sold for $1.09 million at a price of $218 per coin. 

A more recent sale in June 2024 saw the whale offload 10,000 ETH for $35.39 million at $3,539 per token. 

Over the last two months, the whale sold 45,000 ETH at an average price of $2,516, leaving the wallet with 94,540 ETH, currently worth $230.3 million. 

Additionally, the whale has earned 4,540 ETH through staking platforms like Lido and Rocket Pool. 

Other ICO participants are also moving assets. 

Another whale transferred 10,000 ETH to Kraken in September, marking the end of a two-year dormancy. 

The whale sold this ETH for $24.37 million at an average price of $2,437, leaving 9,298 ETH, valued at $22.63 million, in the wallet. 

Another long-dormant whale moved 2,000 ETH received from Ethereum’s Genesis block after being inactive for over nine years. 

These transactions, according to blockchain records, demonstrate that early Ethereum investors are resurfacing, often after extended periods of inactivity, to sell significant portions of their holdings. 

At the time of writing, the Ethereum price was $2,428.53.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin dips below $100,000, memecoins plummet as market responds to US tariffs

The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.

The Block2025/02/02 17:11

Ethereum Price Dips, Yet Increased Buying Activity Indicates Promising Future

Despite Bearish Trends, Increased Buying Activity Hints at Potential Breakout for Leading Altcoin, Ethereum

Coineagle2025/02/02 17:11

Overview: SOL vs ETH – Deciphering Key Aspects of the Solana-Ethereum Ratio

Untangling the SOL/ETH Dynamics: An In-Depth Look at Solana's Potential for Recovery Following Its Recent 25% Decline

Coineagle2025/02/02 17:11

Two Whales Messed Up on Two Different Altcoins – Forced to Sell at a Huge Loss on the Last Drop

According to Onchain data, two different crypto whales sold their positions after losing on two altcoins. Here are the details.

Bitcoinsistemi2025/02/02 17:00