Kraken Receives $3.66M ETH Transfer as Early Investor Unloads 76,000 Tokens

A significant Ethereum whale, who participated in the 2015 ICO at $0.31 per ETH, has moved 76,000 ETH over two weeks, including a $3.66 million transfer to Kraken. This marks their first major disposition after years of dormancy, raising concerns about potential market volatility due to thin liquidity. The investor’s unrealized gains stand at an astonishing 9,000x.

Whale Moves 76,000 ETH: Ethereum’s Market Impact Unraveled

An early Ethereum investor, who participated in the 2015 ICO at $0.31 per ETH, has unloaded 76,000 ETH over two weeks—marking the first major disposition after years of dormancy. The movement included a $3.66 million transfer to Kraken, sparking speculation about potential market pressure.

Such large-scale sales by ICO-era whales often trigger volatility, as thin liquidity magnifies their impact. The investor’s 9,000x unrealized gain underscores Ethereum’s historic ROI, even as the market weighs whether this signals a broader distribution phase among early holders.

Ethereum ICO Whale Offloads $34M Ahead of Pectra Upgrade

A whale from Ethereum’s 2015 ICO has moved 18,700 ETH ($34.11M) to Kraken, signaling potential market turbulence during the Pectra upgrade. The entity—originally acquiring 76,000 ETH at $0.31 per token—has consistently liquidated portions of its holdings, averaging $1,824 per ETH for staggering returns.

On-chain analyst Ai 姨 flagged the latest 2,700 ETH ($4.96M) transfer, reinforcing concerns about concentrated sell pressure. Such movements historically precede volatility, particularly around network upgrades that alter ETH’s economic dynamics.