The whale, which bought Ether for $0.31, transferred 20 thousand ETH after three years of sleep.
The upward trend of the crypto market has mobilized institutional investors and whales. While many whales made purchases in altcoins where they saw potential rise, some whales were seen transferring their assets to central exchanges. One of these whales attracted attention.
According to Lookonchain’s on-chain data, a whale that bought Ether at $0.31 during the ICO (initial sale) phase woke up from its three-year sleep. Balina made his first transaction in three years, transferring 20 thousand ETH.
Ether (ETH) whale traded after three years!
According to Lookonchain data, the whale, which bought Ether (ETH) at $0.31 during the ICO period (first sale), woke up from its three-year sleep. The whale purchased 100,000 ETH from Ether’s GENESIS wallet 3039 days ago for $0.31 each. The whale, which spent a total of 31 thousand dollars, now has 207 million dollars.
An #Ethereum ICO participant woke up after 3 years of dormancy and transferred 20K $ETH($42.4M) 3 hours ago, of which 10 $ETH was deposited to #Kraken.
This whale received 100K $ETH(the cost is ~$31K) at the GENESIS of #Ethereum, the ICO price is ~$0.31.https://t.co/yWm9Frmmnq pic.twitter.com/2LCzX0zV8Y
— Lookonchain (@lookonchain) November 24, 2023
The crypto market is particularly focused on ETH and BTC spot ETFs. The possibility that spot ETFs of the two largest cryptocurrencies by market capitalization will be approved has increased bullish expectations. The crypto market has made enthusiastic purchases for the bull.
In the midst of all these market processes, Ether’s ICO whale moved 20 thousand ETH. Whale deposited 10 ETH to the Kraken exchange. Other transfers took place between wallets. It was noteworthy that the whale sent only 10 ETH to Kraken. This was interpreted as possible sales preparation. On the other hand, positive market conditions may also mean that the whale is expecting a possible ETH rise. Although it is not known in which direction it will affect the ETH price, the fact that the transfer was made by the ICO whale caused anxiety.
