While most of the altcoins have been trying a push upside, the Ethereum (ETH) price has continued to move sideways flirting around $2,550 levels. The ETH/BTC pair has also been heading lower hitting the lowest levels since 2021. On the other hand, the Ethereum whale dumping continues to persist with veteran participants of the ecosystem offloading their stake.
Ethereum Whale Dumping Has Continued Further
After nearly four months of inactivity, an Ethereum ICO participant deposited a staggering 3,000 ETH, worth $7.63 million, to crypto exchange Kraken, as per the data shared by Spot on Chain.
The participant originally received 254,908 ETH at the Genesis block in July 2015 valued at just $79,000 at that time. The Ethereum whale had acquired the ETH coins at the ICO price of approximately $0.31 per ETH. Currently, this whale holds a total of 37,070 ETH, worth around $94.3 million.
An #Ethereum ICO participant just returned after 4 months of silence and deposited 3,000 $ETH ($7.63M) to #K
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