Ethereum Whale Transfers 5,000 ETH to Kraken, Sells $149.68 Million in Total Over Recent Weeks

On October 8, COINOTAG highlighted significant movements in the **Ethereum** market, revealing that a prominent **crypto whale** transferred an additional 5,000 **ETH** (approximately **$12.22 million**) to **Kraken**. This recent transaction is part of a broader trend where the whale has liquidated 45,000 **ETH** (totaling **$113.2 million**) in the recent weeks, at an average price point of **$2,516**. To date, a staggering 60,000 **ETH** (valued at **$149.68 million**) has been sold from the initial allocation of 150,000 ETH acquired during the ICO phase. Historical sales detail include 5,000 **ETH** sold at **$218** in July 2019 and another 10,000 **ETH** at **$3,539** in June 2024. Currently, the whale retains 94,540 **ETH** (worth about **$230 million**), bolstered by staking rewards accrued from platforms like **Lido** and **Rocket Pool**.