Ethereum ICO Address Sells 15,000 ETH Worth $39 Million on Kraken

On September 29, on-chain data analyst @ai_9684xtpa reported in COINOTAG that a significant movement of Ethereum was observed. An address, known to have participated in the original Ethereum ICO, transferred 2,990 ETH—valued at approximately $7.97 million—to the Kraken exchange just 9 hours ago, which indicates a potential sale. This activity follows a pattern over the last six days, during which this address has consistently moved a total of 15,000 ETH to the trading platform, accumulating a value of $39.33 million. As of now, this address has liquidated all its Ethereum holdings. However, four other related addresses still possess a combined total of 60,000 tokens. These transactions are being closely monitored by the community, given their substantial impact on the market.