An ether whale (ETH), which has held the token since its initial offer of coins (ICO), made waves on Monday while moving millions of people at Crypto Exchange Kraken, according to Blockchain Sleuth Spot on Chain.
The whale deposited 7,000 ETH, worth 13.8 million dollars at the time of the press, in Kraken while the price of the token dropped with the wider market on fears of American recession. Ether sang at $ 1,760, reaching the lowest since October 2023, and changed hands for the last time at $ 1,900.
Significant entries in the scholarships represent the intention of investors to liquidate the assets or to deploy the same thing as the margin / guarantee in the derivative trade. This often generates price volatility.
The ICO Ether whale still holds 30,070 ETH worth more than $ 50 million.
