Today, the ETH price went even lower, a large transaction took place by an early Ethereum ICO participant. According to SpotOnChain, this individual deposited 5,500 $ETH to the Kraken exchange. The value of this Ethereum is about $19.3 million.
Early Ethereum Whale Invests $46.5K in 2015, Now Worth $476M
This huge whale has been invested on Ethereum from the time of its ICO in the year 2015. At that time, they received 150,000 $ETH at an ICO price of $0.31 per $ETH which made the total investment equals to $46,500.
In two days, the whale continues to pay 10000 $ETH, which is equivalent to $35.4 million, to Kraken. However, even at these impressive staking levels, the whale remains an Ethereum holder or a staker of Ethereum. The funds held include 139,000 Ether worth about $476 million, spread across eight wallets.
Market Watches as Early Ethereum Whale Shifts Holdings
The fact that early investors move this sort of Ethereum volume usually sparks interest within the cryptocurrency community. It can mean many things about market strategies such as profiting, or positioning for further market swings.
Such movements by major holders are capable of altering trading behaviors and the overall market sentiment especially given the current volatile nature of Ethereum. Analysts will wait to see how these steps do impact Ethereum’s price in the future days.
This case represents the significance of the permanent presence of early investors in the market of cryptocurrencies and their role in the existing trading platform.
