A prominent Ethereum ICO whale has been making waves in the crypto market with significant transfers to Kraken. According to recent data, the whale, who initially received 150,000 $ETH during the Ethereum ICO, has deposited 50,000 $ETH worth approximately $125.38 million to Kraken since September 23. SpotOnChain, an on-chain analytical platform, revealed this series of $ETH transactions through its official X account.
Another 5,000 $ETH ($12.1M) was deposited to Kraken by this Ethereum ICO whale ~ 20 minutes ago.Since Sep 23 (15 days ago), the whale has deposited a total of 50,000 $ETH ($125.38M) to #Kraken at an average price of $2,508, leaving 89,450 $ETH ($216.8M) remaining.Follow… https://t.co/wGej8BNYG9 pic.twitter.com/ZcbSQkmmcV
— Spot On Chain (@spotonchain) October 8, 2024
Whale’s Latest Ethereum ($ETH) Deposit to Kraken Exchange
In a new development, this whale transferred another 5,000 ETH, valued at $12.1 million, to Kraken just minutes ago. This recent transaction adds to the large-scale movements the whale has conducted in the past 15 days. These deposits have been carried out at an average price of $2,508 per ETH, indicating a strategic move to offload Ethereum during this period of volatility.
Over the past two weeks, the whale has moved a staggering 50,000 ETH to Kraken, hinting at potential market strategy shifts. These significant transactions raise questions about the whale’s future moves, as 89,450 ETH remains in their portfolio, worth $216.8 million.
Current Portfolio Breakdown of the Ethereum ICO Whale
The whale’s remaining portfolio is well diversified. It includes 48.775K wrapped staked Ether (WSTETH), 25.016K ETH, 4.242K Rocket Pool ETH (RETH), and 8.584K Rocket Pool (RPL), with the total portfolio valued at $211.674 million, reflecting a minor decrease of 10.98%.
Regardless of these large deposits, the whale is still holding 89,450 $ETH valued at approximately $216.8 million. This substantial remaining $ETH balance suggests that the whale is still maintaining a significant position in Ethereum, leaving much speculation in the market about his future transactions.
