A long-dormant Ethereum whale from the 2014 ICO has come to life, depositing a significant amount of ETH into the Kraken exchange.
Whale’s Massive Investment
The whale purchased Ethereum at the ICO price of $0.31. If they were to sell their ETH above $3,000, they would have made a staggering 10,000x or 1,000,000% return on their investment.
Whale’s Activity
Blockchain tracker Lookonchain detected the whale depositing 1,732 Ethereum into Kraken as ETH crossed the $3,000 mark. The whale’s wallet still holds 1,733 ETH worth over $5 million.
Other Whale Movements
In related news, crypto hedge fund Galaxy Digital withdrew 26,000 ETH from Coinbase Prime and Binance. A mysterious entity has also accumulated 64,000 Ethereum in just 11 days.
Ethereum’s Price
At the time of writing, Ethereum is trading at $2,903.
