Recently, a well-known crypto whale drew attention by transferring 10,000 ETH, valued at approximately $42.73 million. Part of this amount, 2,000 ETH, was sent to the Kraken exchange.
Transfer of 10,000 ETH
The known crypto whale executed a transfer of 10,000 ETH, valued at about $42.73 million. Blockchain tracking indicates that 2,000 ETH from this amount was sent directly to Kraken, which often sparks speculation about selling intentions, as such transfers to centralized exchanges are frequently linked to liquidation plans.
Whale's Investment History
This crypto whale has an impressive history in the Ethereum ecosystem. Records show they purchased **100,000 ETH** during the 2015 ICO, paying just $0.311 per token. That investment of around $31,100 at the time is now worth billions, making them one of the largest early beneficiaries of Ethereum’s growth.
Community Reaction
Large-scale whale movements are closely monitored because they can influence market sentiment. If the 2,000 ETH sent to Kraken is sold, it could create short-term selling pressure. However, many traders note that whales sometimes move assets for other reasons, such as staking or OTC deals.
As of now, Ethereum remains steady, but traders and analysts will be keeping a close watch on both exchange inflows and on-chain whale activity in the coming days.
