An Ethereum whale woke up from its slumber. It moved over 7 thousand Ethereum. This move did not go unnoticed in the market. An Ethereum ICO whale woke up to shift 7000 coins to crypto exchange Kraken amid massive outflows in ETH.

Despite significant upward momentum received by Ethereum today, July 1, an ICO whale moved a significant amount of its assets to a centralized exchange. According to data by CoinShares, 7,000 cryptocurrencies have been registered to be dumped amid Ethereum's $60 million weekly outflows.