CandleFocus Ethereum ICO Address Deposits 10,000 ETH After 2 Years of Dormancy
2024-09-19
Author: Content Editor
An Ethereum whale who has been dormant for two years has recently deposited 10,000 ETH to the Kraken exchange, potentially for sales. The whale sold the Ethereum for $24.37 million, with the wallet now holding 9,298 ETH. This wallet participated in Ethereum's ICO nine years ago and has seen impressive growth since then. This sale is one of many recent selloffs by Ethereum ICO whales, raising concerns among the crypto community. In addition, other dormant whales have also started selling their stash. Ethereum's price weakness and disappointing inflows into Ethereum ETFs have caused setbacks for Ethereum bulls. However, Ethereum has shown signs of life, with a 4% rebound in the past 24 hours and increased market activity.
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