According to blockchain data, a whale that participated in the Ethereum (ETH) ICO eight years ago took action 8 years later, moving $116 million worth of ETH.
According to data published by a blockchain analytics firm, a whale that received more than 61,000 ETH by participating in the Ethereum supply has taken action as of today and transferred its assets to a wallet. This wallet is said to belong to the cryptocurrency exchange Kraken. Wallet 0x8b moved ETHs to another wallet and then to a Kraken-addressed wallet.
The owner of the wallet is not yet known
The owner of the wallet is unknown as of Wednesday. The previous transfer move was in the process where the wallet received ether from the genesis contract after ETH was released. Such large movements from ICO participants are rarely observed. This move could mean that the whale is preparing to sell ETH, take part in an exchange, or launch other altcoins.
This wallet movement, which is one of the first whales of ETH, was stated to be the oldest wallet that made transactions in 2023. With this news, it was a matter of curiosity how the event confusion, which became even more worried, would lead to a change in the price of ETH. Currently, the wallet address of this whale is closely followed by thousands of people.
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