Scary Transfer from Ethereum ICO Whale: He Gave Up 15,200 ETH!

The active Ethereum (ETH) investor attracted attention with his giant transfer.

About 11 years ago, a whale who bought 200 thousand Ethereum from Genesis, the first block of Ethereum, became a hot topic with his giant transfer. The same whale received another 67 thousand ETH from the Ethereum Foundation address in 2015.

After a long period of silence, the whale took action on June 8 and transferred 15,200 ETH worth $56.47 million to the cryptocurrency exchange Kraken.

The whale currently has 41,000 ETH worth $151 million in this wallet alone.

Will it sell?

Similar whale transfers have been seen in recent months and years, and these transfers largely resulted in sales. It is thought that this latest transfer was a similar pre-sale preparation.

It was also among the notable points that the whale turned to such a sale after Bitcoin and Ethereum prices fell by around 5%.

According to CoinGecko data, Ethereum, which has lost 3% in value in the last 24 hours, is traded at $ 3,704 at the time of writing.

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