61,216.6 ETH from Ethereum ICO Address Moved to Kraken

An Ethereum (ETH) tackle associated with the preliminary coin providing (ICO) in 2015 has transferred a staggering 61,216.6 ETH, equal to $116 million, to the Kraken trade a number of hours in the past. This transaction marks the primary motion of those funds since their acquisition eight years in the past.

supply: etherscan

The tackle in query acquired 61,216.6 ETH from the Ethereum genesis block on July 30, 2015. On the time of the ICO, the worth of those tokens was a mere $19,038, with every ETH priced at $0.311. Quick ahead to at this time, and the identical quantity of ETH is value an astounding $116 million, showcasing the large development and adoption of Ethereum over time.

supply: etherscan

The switch of such a considerable quantity of ETH to Kraken might point out a possible large sale strain or a strategic transfer by the unique ICO participant. Nonetheless, the precise intent behind this transaction stays unknown.

It is value noting that the transactions might affect Ethereum worth given the substantial quantity concerned.

Picture supply: Shutterstock

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