Ethereum ICO Investor Made a Large Transfer to Kraken After a Long Time! Is There a Sale Coming?

While the leading cryptocurrency Bitcoin (BTC) rose above $ 38,000 yesterday, Ethereum also rose to $ 2,070.

Popular cryptocurrency platform Lookonchain said in its post that an Ethereum ICO participant recently deposited 3,000 ETH worth $6.2 million to Kraken.

Accordingly, the ICO participant received 20,000 ETH from Genesis at a cost of $ 6,200.

The ICO participant currently holds 5,172 ETH (valued at $10.7 million).

“An Ethereum ICO participant deposited 3,000 ETH (valued at $6.2 million) to Kraken 20 minutes ago.

This Ethereum ICO participant once received 20,000 ETH from GENESIS at a cost of $6,200 and currently holds 5,172 ETH worth $10.7 million.”

An #Ethereum ICO participant deposited 3,000 $ETH($6.2M) to #Kraken 20 minutes ago.

This #Ethereum ICO participant received 20K $ETH(the cost is ~$6,200) at GENESIS and currently holds 5,172 $ETH ($10.7M).https://t.co/37SMSqFefp pic.twitter.com/yZHrlRbrvl

— Lookonchain (@lookonchain) November 29, 2023

Experts who evaluated this transfer of the whale who bought Ethereum from the ICO stated that such large movements from early investors are typically rare and that this transfer could mean that he was making sales or diversifying his portfolio.

*This is not investment advice.