Ethereum ICO Participant Transfers 1069 ETH to Kraken

A wallet belonging to a participant in the ICO of the second-largest cryptocurrency by market capitalization has transferred 1069 ETH (approximately $3.56 million at the time of writing) to the Kraken exchange. This was noted by Spotonchain.

An #Ethereum #ICO participant returned after 1.12 years to deposit 1,069 $ETH ($3.56M) to #Kraken at $3,329 3 hours ago.

The whale received 12,566 $ETH at #Ethereum Genesis in Jul 2015, at an ICO price of ~$0.31,

And then distributed the $ETH across 12 wallets in 2017, of which… pic.twitter.com/Lid1hItGik

— Spot On Chain (@spotonchain) April 6, 2024

Experts noted that in July 2015, the whale received 12,566 ETH at a price of about $0.31. In 2017, the user distributed the coins across 12 wallets, selling part of them.

At the time of writing, he holds 7719 ETH (approximately $25.7 million) across eight addresses, analysts added.

In January 2024, an Ethereum ICO participant “awoke” after eight years of dormancy. He sent 0.01 ETH from an address holding 200 ETH.

In March, a wallet inactive for nearly 12 years moved all its 500 BTC, worth nearly $35 million. The user acquired the first cryptocurrency on July 14, 2012, at a price of $7.57.