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COINOTAG News, December 29th – In a notable development for the Ethereum ecosystem, a significant whale has transacted 3,370 ETH, equivalent to approximately 11.37 million USD, transferring these funds to Kraken just nine hours ago. This entity, which originally acquired 200,000 ETH during the blockchain’s genesis block in 2015, has executed a remarkable total of 48,687 ETH transfers to Kraken in 2023 alone, accumulating an impressive 171.78 million USD in value with an average transfer price standing at 3,528 USD per ETH.
Following an extensive liquidation period spanning over eight years, the whale’s remaining holdings have dwindled to just 7,594 ETH, which is currently valued at around 25.72 million USD. This significant transaction underlines the continued volatility and trading activity within the cryptocurrency market, emphasizing the ongoing strategic maneuvers of large stakeholders amidst evolving market conditions.
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