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Whale cashes out: Ethereum major investor sends millions to Kraken

An Ethereum seed investor is selling some of his Ether.

By Mike Hesp
• 1 min read
Whale cashes out: Ethereum major investor sends millions to Kraken

An Ethereum seed investor is selling some of his Ether. However, the whale is still sitting on multimillion-dollar assets.

A Ethereum-whale, who is in possession of more than 150,000 ETH, cash out. But it is only a small part of his hodl stock.

The unknown major investor sent a total of 3,510 ETH to the crypto exchange Kraken last Sunday, Sept. 22. This is evident from data from Lookonchain.

According to messages Ether come directly from the Ethereum ICO. In other words, the coins have not moved for 10 years.

At various addresses, the whale owns Ethereum worth $390 million. This means that the unknown has liquidated only a small portion of his crypto assets. Ethereum is up 2.6 percent today and trades at $2,655.

The transparency of the blockchain keeps offering interesting insights into the trading activities of wealthy crypto investors, known as whales. Recently, a Bitcoin whale after nearly 15 years of hodling sold his BTC.

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