Yesterday’s cryptocurrency price drop was accompanied by ICO-era whale activity. One of them transferred 25% of its value to the Kraken exchange in a single transaction.
Yesterday’s cryptocurrency price drop was accompanied by ICO-era whale activity. One of them transferred 25% of its value to the Kraken exchange in a single transaction.
2015 Ether Whale Moved 15,000 ETH to Kraken
The unknown Ethereum (ETH) whale that received 67,000 Ethers during its initial coin offering (ICO) in 2015 initiated a monster transfer to Kraken, says Chinese crypto journalist Colin Wu.
A whale address (0xa0…4409) that received 67,000 ETH from the Ethereum Foundation address in 2015 transferred 15,200 ETH (around $56.47 million) to Kraken today. This address received 200k ETH (probably participating in the ICO) in the Ethereum Genesis block. He currently owns 41,000 ETH…
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The transaction was recorded on June 7, 2024. In total, the account transferred the equivalent of approximately $56.1 million to the large centralized exchange.
Starting today, the account has $152.3 million worth of Ether (ETH) to sell, according to public explorer data. It was only the third transaction from this account since 2022.
In 2020-2021, the account sent a gigantic amount of cryptocurrency to centralized exchanges: in six transfers, it moved more than 150,000 Ethers or more than $553 million.
Gamza KhanzadaevAs Guru-Investingpreviously reported, the Ethereum Foundation may have initiated a dump of 1,000 Ethers (ETH) a month ago.
$50 million in Ethereum (ETH) long positions liquidated in 24 hours
A large portion of this dump was immediately exchanged for 4.81 million DAI, an average of $2,725 per ETH.
In the largest wave of liquidations in months, Ethereum (ETH) traders yesterday lost more than $50 million in short positions and $5 million in long positions, Coinglass data says.
At press time, Ethereum (ETH) is trading at $3,694.04, down 2.89% in the last 24 hours.
