Dormant Ethereum Whale Makes $9.12M Transfer to Kraken

An Ethereum ICO participant, inactive for over two years, recently deposited 3,510 ETH (valued at $9.12 million) into Kraken, as revealed by Lookonchain. This individual originally received 150,000 ETH during Ethereum’s ICO at $46,500. Today, that stash is worth approximately $389.7 million. The movement of such a large amount of dormant ETH has caught the attention of the crypto community, sparking curiosity about the participant’s future intentions and potential market impacts.