Ethereum ICO Whale Moves 50,000 $ETH to Kraken in 15 Days

Ethereum ICO Whale Deposits 50,000 $ETH to Kraken

A prominent Ethereum ICO whale has stirred attention in the crypto market with significant $ETH transfers to Kraken. Recent data reveals that the whale, who initially received 150,000 $ETH during the Ethereum ICO, has deposited 50,000 $ETH—worth approximately $125.38 million—into Kraken since September 23. This series of transactions was disclosed by on-chain analytical platform SpotOnChain through its official X account.

Whale’s Latest Ethereum ($ETH) Deposit to Kraken

In a recent development, the whale transferred an additional 5,000 $ETH, valued at $12.1 million, to Kraken just minutes ago. This latest transaction adds to a series of large-scale $ETH movements conducted over the past 15 days. These deposits have been made at an average price of $2,508 per ETH, signaling a strategic decision to offload Ethereum during a period of market volatility.

Over the past two weeks, the whale has moved a total of 50,000 $ETH to Kraken, raising speculation about potential shifts in market strategy. With 89,450 $ETH still in the whale’s portfolio, valued at approximately $216.8 million, there is considerable curiosity about the whale’s future moves.

Current Portfolio Breakdown of the Ethereum ICO Whale

Despite these large deposits, the whale still holds a diversified portfolio. Here’s a breakdown of the current holdings:

• 48,775 Wrapped Staked Ether (WSTETH)
• 25,016 $ETH
• 4,242 Rocket Pool ETH (RETH)
• 8,584 Rocket Pool (RPL)

The total portfolio is valued at $211.674 million, reflecting a minor decrease of 10.98%. However, the whale still holds a substantial $ETH balance, maintaining a significant position in Ethereum. This suggests that the whale’s future transactions could have a noteworthy impact on the market.