Ethereum ICO whales are selling large amounts of their holdings, with one recently transferring thousands of ETH tokens to crypto exchange Kraken.
An Ethereum whale, who participated in the initial coin offering (ICO), has been making notable moves recently, transferring another 5,000 ETH, valued at $12.22 million, to Kraken just hours ago.
This transaction adds to a string of similar moves by the whale, who has sold 45,000 ETH ($113.2 million) in the past two weeks at an average price of $2,516. Since the ICO, the whale has now sold a total of 60,000 ETH for $149.68 million, making incremental sales over the years.
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