A significant Ethereum investor, often referred to as a ‘whale’, has recently disposed of around 18,700 Ethereum tokens, equating to roughly $34.11 million. This whale is speculated to have procured the Ether (ETH) tokens during Ethereum’s Initial Coin Offering in 2015.
At present, there’s a substantial transfer of ETH taking place, coinciding with the upcoming Ethereum Pectra update. In preparation for this upgrade and potential hard fork, trading platforms such as Binance have declared temporary halts on Ethereum token deposits and withdrawals.
Back in 2015, during the Initial Coin Offering (ICO), a ‘giant’ investor (ETH whale) bought their cryptocurrency, specifically Ether, at a price of only $0.31 per unit. This massive purchase amounted to roughly 76,000 ETH. After this, the wallet associated with this transaction lay dormant for quite some time. However, not too long ago, it started moving Ether to the Kraken exchange.
A cryptocurrency expert posted data about X, showing that a large investor (whale) recently sent 2,700 ETH, approximately valued at $4.96 million, to the exchange Kraken. This action comes after a string of major sales over the past few weeks.
Firstly, this large-scale investor (often referred to as a ‘whale’) initially disposed of 14,000 Ethereum (ETH) for approximately $24.75 million. Since then, they have been consistently selling more in multiple tranches. All these transactions have taken place through the platform Kraken. Considering that each ETH was originally bought at $0.31, it’s clear that this investor has made a significant profit from these deals.
他又来了💦
时隔三天，「2015 年 ICO 7.6 万枚 $ETH 的巨鲸」15 分钟前再次向 #Kraken 充值 2500 ETH（459 万美元），疑似抛售
目前他仍持有 11000 ETH，价值 2020 万美元，成本低至 0.31 美元
钱包地址 ；本文由 #Gateio | @Gateio_zh 赞助
— Ai 姨 (@ai_9684xtpa) May 7, 2025
Based on available information, it’s said that a whale is currently in possession of about 11,000 Ethereum (ETH), which equates to around $20.2 million. It’s uncertain if they intend to liquidate their remaining ETH. Given recent trends, there’s speculation that this might not be the last ETH sale from this whale.
Ethereum’s Pectra Update
Sales are happening as Ethereum nears a significant update, when there’s less activity in direct trading. This upcoming update is forecasted to boost the network’s performance by incorporating better scalability, optimized staking choices, and sophisticated infrastructure improvements.
Amid growing market excitement, the ETH-BTC Bollinger Bands are as narrow as they’ve been since June 2020, a technical indicator that frequently predicts an increase in market turbulence. Traders are keeping a close eye on the ETH-BTC exchange, hoping for significant price fluctuations post-upgrade.
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2025-05-07 18:29