Wu said that according to Spot On Chain, Ethereum ICO participant 0xB8c deposited 21,490 ETH to Kraken in the past 7 days, worth about $55.2 million. The whale address received 150,000 ETH in 2015, and has transferred 30,000 ETH to Kraken at an average price of $2,580 since September-October this year, worth about $77.4 million. The whale currently holds about 110,000 ETH in 8 addresses, worth about $271 million.