Ethereum ICO Whale Moves $116 Million in ETH To Kraken by Etherscan<\/a><\/strong><\/figcaption><\/figure>\n\n\n\nTransfers from whales – the term assigned to wallets with large holdings of cryptocurrencies in on-chain addresses – are not uncommon in crypto. Observers and participants usually monitor these whales as their activity, whether buying, selling, or moving coins around, could impact token prices or market sentiment. <\/p>\n\n\n\n
When crypto whales withdraw huge amounts of a token from an exchange, for example, some might take it as a bullish signal that large holders expect the market to run upwards. <\/p>\n\n\n\n
Conversely, crypto whales depositing a large number of coins on an exchange could signal an incoming sell-off or bearish sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"
This crypto whale wallet has been dormant for over 8 years and received tokens from Ethereum\u2019s initial coin offering in 2015. The whale moved 61,216 ETH worth $116 million to an unknown wallet and then to an address linked to the crypto exchange Kraken. Ethereum\u2019s ICO sold coins at 31 cents per token, while prices have since climbed to $1900 at press time and previously peaked at $4,878 in November 2021. A crypto whale wallet transferred 61,216 Ether tokens received […]<\/p>\n","protected":false},"author":55,"featured_media":583178,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[947,823,2],"tags":[1322,108292,1061],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583165"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=583165"}],"version-history":[{"count":4,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583165\/revisions"}],"predecessor-version":[{"id":583262,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583165\/revisions\/583262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/583178"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=583165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=583165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=583165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}