Ethereum Whale Awakens: $5.53M Transfer to Kraken After Three Years
A long-dormant Ethereum whale address has suddenly become active, transferring 3,000 ETH (worth $5.53 million) to Kraken exchange. The funds, originating from Ethereum’s 2014 ICO, had remained untouched for nearly three years until this transaction on May 2, 2025. While Ethereum’s price remained stable at $1,843.33 during the transfer, this movement could signal potential sell pressure in the near future. The transaction was detected by prominent on-chain analyst The Data Nerd, drawing attention from the crypto community. This development comes at a time when Ethereum continues to solidify its position as the leading platform for decentralized applications and smart contracts. The whale’s decision to move such a significant amount after years of inactivity may indicate a strategic shift in their investment approach or a response to current market conditions. Market analysts will be closely watching Kraken’s order books for any large sell orders that could impact Ethereum’s price action. This event serves as a reminder of how early Ethereum investors still hold substantial amounts of the cryptocurrency, and their trading decisions can significantly influence market dynamics.
Ethereum Whale Moves $5.53M to Kraken After Three-Year Dormancy
A dormant Ethereum whale address has resurfaced, transferring 3,000 ETH worth $5.53 million to Kraken. The funds, originating from Ethereum’s initial coin offering (ICO), had remained inactive for nearly three years. The transaction, flagged by on-chain analyst The Data Nerd, occurred on May 2, 2025.
Ethereum’s price held steady at $1,843.33 amid the transfer, though the move may signal impending sell pressure. Trading volume surged 12.3% to $8.47 billion as market participants reacted to the whale activity. The address retains an additional 2,000 ETH valued at $3.69 million, suggesting potential further movements.
Ethereum R1 Launches as a Fully Decentralized Rollup with No Token or VC Backing
Ethereum R1 has officially launched, marking a significant departure from conventional Layer 2 solutions. Unlike typical rollups that rely on token sales and venture capital, R1 is entirely donation-funded, emphasizing decentralization and community control. The project enters Phase 2 immediately, enabling permissionless proving and decentralized governance.
Public interest funding will sustain the project until 2030, after which all fees will be burned—a bold economic model aligning with Ethereum’s CORE principles of censorship resistance and credible neutrality. This approach challenges the status quo of Layer 2 launches, which often prioritize investor allocations over community values.
Is this your last chance to buy ETH under $2K? Ethereum signals trend reversal.
Ethereum’s technical and on-chain indicators suggest a potential major trend reversal, with the cryptocurrency trading at $1,833.92 after a 1.26% daily gain. Analysts point to a rare Dragonfly Doji candlestick pattern on monthly charts as a bullish signal.
New address growth indicates expanding organic adoption, while trading volume surged 4.16% to $15.72 billion. The asset has gained 3.51% over the past week, fueling speculation about challenging all-time highs within 90 days.
Gala Games to Sunset Ethereum NFT Game ’The Walking Dead: Empires’
Gala Games is discontinuing its licensed Ethereum NFT game, The Walking Dead: Empires, with servers set to shut down after July 31, 2025. The multiplayer survival RPG, launched in open beta in 2021, will compensate NFT holders with alternative Gala Games assets of equal utility.
The decision reflects broader challenges in blockchain gaming, where licensed IP projects often struggle to sustain long-term engagement. Ethereum’s role as the underlying blockchain highlights the platform’s continued dominance in NFT-based gaming despite scalability concerns.
