Ethereum ICO whale restarts activity, transfers 7000 ETH worth $12.94 million to Kraken

Odaily Planet Daily News: According to Spot On Chain monitoring, an Ethereum ICO early whale that had been dormant for 5 months transferred 7000 ETH worth approximately $12.94 million to the Kraken exchange about 6 hours ago during the sharp drop in ETH prices. The whale wallet still holds 30070 ETH worth approximately $54.4 million. This large transfer coincides with a significant drop in ETH prices, which may indicate that the early investor is considering cashing out some of their holdings or engaging in other market operations.