The Ethereum whale who participated in the Ethereum ICO in 2015 and bought 254,900 ETH just transferred 7,000 ETH to the Kraken exchange, despite being anemic for 209 days. For now, the whale still owns a whopping $139 million, making it one of the most successful ETH investors. there.
The Ethereum whale who participated in the Ethereum ICO in 2015 and bought 254,900 ETH has just transferred 7,000 ETH to the Kraken exchange, despite being anemic for 209 days. For now, the whale still holds a whopping $139 million, making it one of the most successful ETH investors in the world. there.
After acquiring his significant ETH holdings at an ICO price of just $0.311 per ETH, this whale has taken a big step forward by moving 7,000 ETH, or approximately $24.28 million, to the Kraken exchange. The whale’s prolonged period of inactivity, which lasted more than half a year, is what drew attention to the transaction. This whale still has 40,069 ETH in its possession, which is currently worth around $139 million.
Gamza KhanzadaevThe notable return on investment achieved by Ethereum’s early adopters is demonstrated by this participation, which also emphasizes the significant influence that these large holders can have on the market when they decide to transfer their assets. These whale movements often lead to conjecture and anxiety in the world of cryptocurrencies. Sometimes, large transfers to exchanges precede considerable sell-offs, which could put downward pressure on the asset’s price.
Staking, lending, or even using assets as leverage for other investments are other strategic reasons why the whale might be in such a position. The fact that this whale’s address has been reactivated after a prolonged period of inactivity further emphasizes how erratic the cryptocurrency market is.
Long-term investors have the ability to take long pauses before acting abruptly to affect sentiment and price movements in the market. Moreover, the whale’s decision to sell right now could be linked to a risk-reduction strategy.
