A major investor who acquired 150,000 $ETH during Ethereum's initial coin offering has been actively transferring significant amounts to the Kraken exchange over recent weeks, drawing interest in the crypto market.

Latest Ethereum Transfers to Kraken

In recent developments, the holder transferred another 5,000 ETH to Kraken, amounting to approximately $12.1 million. Starting from September 23, the total transferred amount has reached 50,000 ETH at an average price of $2,508 per token, indicating a strategy to sell during market volatility.

Current Portfolio and Its Breakdown

The investor's portfolio is well-diversified, including 48.775K WSTETH, 25.016K ETH, 4.242K RETH, and 8.584K RPL, with a total value of $211.674 million, reflecting a slight 10.98% decrease.

Future Market Prospects for Ethereum

Despite the large deposits, the investor still holds 89,450 ETH valued at approximately $216.8 million. This significant remaining balance suggests potential future strategies, fueling speculation in the market.

As the major Ethereum holder continues to make significant transfers to Kraken, interest grows regarding future market actions. With a substantial portion of assets still in possession, prospective strategies remain speculative.