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Ancient Ethereum Whale Moves $32 Million ETH To Kraken

June 3, 2024
in Crypto News
Reading Time: 1 min read
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Ancient Ethereum Whale Moves $32 Million ETH To Kraken
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The post Ancient Ethereum Whale Moves $32 Million ETH To Kraken appeared first on Coinpedia Fintech News

An ancient ETH whale has transferred 8,518 ETH worth $32.51 million to the address of a Major US exchange, Kraken. During the ICO, the holder received 100,000 ETH when the price of the main altcoin was $0.311 and sold it after a year. He then stopped and resumed activity three months ago, transferring 29,519 ETH to the address we know today. Since the ICO, the price of the main altcoin has risen by 1,228,387%, with the investor earning a profit of $349.7 million on his 100,000 ETH if he had not been selling them all along.

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