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Massive Ethereum Transfer: Early Investor Sends $9.9M to Kraken
An early investor in Ethereum’s initial coin offering (ICO) has sent a staggering 2,300 Ether (ETH), valued at approximately $9.9 million, to popular cryptocurrency exchange Kraken.
This significant transaction occurred during Asia morning hours and transpired while the price of ETH was hovering near multi-year highs, thereby intensifying focus on liquidity dynamics across all exchanges.
Historically, this Ethereum ICO wallet has been associated with a series of large transactions, including 3,000 ETH in November 2023, 1,000 ETH in February 2024, and a smaller 250 ETH allocation in December 2024.
Source: crypto-economy.com
