After the Rise in Ethereum, ICO Participant Whale Awakened from His 8-Year Sleep! Transferred Large ETH to Kraken: Will He Sell for Profit?

As Ethereum rose above $ 3000 for the first time after April 26, 2022, it also mobilized whales.

At this point, Lookonchain said that an Ethereum ICO participant woke up after 8.6 years of inactivity and recently deposited 1,732 ETH into Kraken, worth $5.15 million.

Accordingly, the ICO participant received 3,465 ETH from Genesis at a cost of $0.31.

“After ETH price surpassed $3,000, an Ethereum ICO participant woke up after 8.6 years of inactivity and deposited 1,732 ETH (worth $5.15 million) on Kraken.

This ICO participant at the time received 3,465 ETH (currently worth $10.3 million) from Genesis. ETH ICO price was ~$0.31.”

After the price of $ETH surpassed $3,000, an #Ethereum ICO participant woke up after 8.6 years of dormancy and deposited 1,732 $ETH($5.15M) to #Kraken.

He received 3,465 $ETH($10.3M) at #Ethereum Genesis, the ETH ICO price is ~$0.31.https://t.co/K6xOHILdne pic.twitter.com/o50JKxXxzP

— Lookonchain (@lookonchain) February 20, 2024

Experts who evaluated this transfer of the whale who bought Ethereum from the ICO stated that such large movements from early investors are typically rare and that this transfer could mean that he was making a profit sale or diversifying his portfolio.

Etheruem continues to trade at $2,917 at the time of writing.

*This is not investment advice.