Ethereum ICO whale restarts activity, transfers 7,000 ETH worth $12.94 million to Kraken

Odaily News According to Spot On Chain, an early Ethereum ICO whale who had been silent for 5 months transferred 7,000 ETH worth about $12.94 million to the Kraken exchange about 6 hours ago during the ETH price crash. The whale still holds 30,070 ETH in its wallet, worth about $54.4 million. This large transfer coincided with a sharp drop in ETH prices, which may indicate that the early investor is considering cashing out part of his position or conducting other market operations.