A mysterious Ethereum ICO whale, long dormant, stirred after three months of silence. Six hours ago, the whale made waves in the crypto world, sending 3,500 ETH, worth a staggering $9.2 million, to Kraken. The addressâ0xb1e52e319b83dd3bedbae9878b63f67b535de2beâhad already made a notable move in the past few days, depositing 12,010 ETH, valued at $31.35 million, over three separate transactions.
Each deposit came at an average price of $2,610, and curiously, the price of Ethereum took a dip following the whale's initial two transactions. It seemed as though the market was moving in response to this whale's massive flows.
But thereâs more. This whale, who had participated in Ethereumâs historic ICO, still holds an enormous stashâ127,440 ETH, valued at $343 millionâsafely spread across eight wallets, with a large portion of it staked, quietly waiting for the next move.
