Latest news from ChainCatcher: the blockchain data monitoring platform Spot On Chain has discovered that a giant Ethereum ICO whale deposited 4,160 ETH, worth approximately $14.5 million, into the Kraken exchange 3 hours ago. This move has attracted market attention.

Looking back in history, this whale acquired 20,000 ETH as early as July 2015 during the Ethereum genesis block, when it was worth only $62,000. Since then, this whale has earned rewards by staking ETH and has sold off during market peaks.

Currently, this whale is still staking about 7,043 ETH, worth approximately $24.6 million. This series of actions demonstrates its precise grasp of market timing and long-term holding strategy. The market will closely monitor the potential impact of such large transactions on ETH prices.