Ethereum Whale Offloads Significant ETH to Kraken
According to EmberCN, a whale who acquired 200,000 ETH from the Ethereum genesis block in 2015 has recently transferred 3,370 ETH, valued at $11.37 million, to Kraken. Throughout this year, the whale has moved a total of 48,687 ETH, worth $171.78 million, to the exchange, with an average selling price of $3,528. Over the past eight years, the whale has steadily sold off their holdings, leaving only 7,594 ETH, valued at $25.72 million, suggesting that they might completely liquidate their position with one or two more sales.
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