Early Investor in Ethereum ICO Makes Significant Deposits to Kraken Exchange, Totaling $35.4M in 2 Days
An early participant in the Ethereum ICO made a substantial transaction by depositing 5,500 $ETH to the Kraken exchange, totaling about $19.3 million. This individual, known as a whale in the cryptocurrency world, had previously received 150,000 $ETH in 2015 at an ICO price of $0.31, amounting to $46.5K.
In the past two days, the whale has continued to deposit a total of 10,000 $ETH to Kraken, equivalent to $35.4 million. Despite these significant transactions, the whale remains a holder of Ethereum, with a portfolio of 139,000 Ether valued at approximately $476 million spread across eight wallets.
The cryptocurrency community closely watches the movements of early investors like this whale, as it can indicate various market strategies and potential impacts on market sentiment. Analysts will monitor how these transactions affect the price of Ethereum in the coming days, given its current volatile nature.
This case highlights the importance of early investors in the cryptocurrency market and their influence on trading platforms. The presence of whales like this individual underscores the dynamics of the market and the strategies employed by major holders like them.