Recently, an Ethereum whale from the ICO era transferred $12.1 million to Kraken. This whale originally acquired its tokens for only $31,000.
Whale Transaction
According to data from Spot On Chain, the whale received 107,000 ETH at Genesis and made a transfer of $12.1 million to Kraken. Currently, this amount of Ether is valued at approximately $243 million.
Current Status of ETH
Ethereum (ETH) is currently the worst-performing cryptocurrency among the top ten, with a weekly drop of 3.2%. CoinGecko data indicates a 1.2% decline over the past 24 hours. Despite Bitcoin hitting record highs in May, ETH remains 50.5% below its all-time high achieved in late 2021.
Other Whale Activities
Earlier this week, another Ethereum ICO whale deposited over $5 million worth of ETH to Binance after a decade of inactivity.
The whale's transfer to Kraken and other activities highlight the dynamic nature of the market and ongoing changes in investor behavior.
