Ethereum Whale Moves $14.5 Million: 4,160 ETH Deposit on Kraken Revealed

COINOTAG News reported on December 26 that a notable Ethereum ICO whale has recently deposited 4,160 ETH, equivalent to approximately $14.5 million, into the Kraken exchange. This sizeable transaction is attributed to an investor who originally acquired 20,000 ETH during the genesis block in July 2015, when it was valued at around $6,200. Taking advantage of staking opportunities, this whale has been actively earning rewards while strategically liquidating portions of holdings at market peaks. Currently, the address retains about 7,043 ETH, with an estimated value of $24.6 million, reflecting a prudent approach to market dynamics and portfolio management. Such movements in the Ethereum ecosystem underscore the patterns of long-term holders as they adapt to fluctuating market conditions.