Ethereum Genesis Whale Sends $171.78 Million in ETH to Kraken

A 'whale' that participated in the initial coin offering (ICO) of Ethereum has been found to send a nine-figure amount of ETH to the Kraken exchange this year. According to data from blockchain analyst Ember, after transferring 3,370 ETH over the past weekend, this 'whale' has sent a total of 48,687 ETH worth $171.78 million to Kraken in 2024, with an average price of $3,528. Previously, this investor accumulated 200,000 ETH from the Ethereum genesis block in 2015 and now has only 7,594 ETH ($25.72 million) left, which is expected to be sold off in one or two more tranches. Additionally, Lookonchain has recorded a wallet related to Ethereum waking up after nearly a decade to transfer a small amount of ETH to a new address. At the time of writing, Ethereum is trading at $3,356, up approximately 1,082,480% from the ICO price of $0.31.