Recently, there has been increased activity in old Ethereum wallets, leading to significant ether transfers to the Kraken cryptocurrency exchange. These movements are being analyzed by specialists and traders regarding their impact on the market.
Recent Large Ether Transfers
According to Arkham Intelligence, the address starting with 0x815 transferred 4,460 ETH (worth about $19 million) to the Kraken exchange, continuing a week of heavy deposits from this wallet. A total of 9,803 ETH (around $43.9 million) has been transferred from this address over the past seven days. The wallet now holds just 197 ETH, valued at roughly $844,000.
Reawakening of Old Wallets
Another early-ICO wallet also became active over the weekend, shifting about $1.5 million in ETH originally purchased for just $104. If liquidated at current market prices, this would represent a 14,000x return. The original wallet showed no activity since the ICO, which raised $18 million before Ethereum’s official launch in July 2015.
Impact on the Ethereum Market
As Ethereum recently marked its tenth anniversary, the relevance of such transfers and their impact on prices remain topics of discussion. Currently, ETH is trading around $4,426. Over time, movements of funds from old wallets spark speculation in the market, although they do not always lead to immediate sell pressure. Often these transfers are made for security or inheritance purposes.
Large ether transfers from old wallets are becoming important indicators for the market. Specialists continue to monitor these movements, analyzing their potential impact on liquidity and Ethereum prices.
