Ethereum Whale Moves 2,679 ETH Worth $6.47 Million: A Deep Dive into its Recent Activity

According to a recent report by COINOTAG on October 11, a notable **Ethereum whale** has executed a major transaction involving **2,679 ETH**, valued at approximately **$6.47 million**. This sell-off marks the latest activity for the entity that previously acquired a hefty **310,000 ETH** during the Ethereum **ICO**. Notably, two hours prior to this transaction, the same whale deposited **2,679 ETH** back onto the **Kraken** exchange, indicating a strategic maneuver in the market. Since September 18, this whale has funneled a remarkable total of **6,679 ETH** (about **$15.8 million**) into Kraken, while still retaining **17,000 ETH** in its wallet. This series of transactions highlights the ongoing volatility and opportunistic trading behavior prevalent in the crypto market, as well as the continued influence of large holders on price movements.