An original Ethereum ICO participant has transferred $6 million worth of ETH to Kraken, marking a 12,971x return after eight years. The wallet, which initially received 20,000 ETH for $6,200, is now valued at $80.42 million. Meanwhile, Bitmine, linked to Fundstrat, has increased its Ethereum holdings by $113 million, bringing its total to over $13 billion. These actions underscore a divide among major Ethereum holders, with some opting to sell while others strategically buy during market lows.
Ethereum Whales Make Strategic Moves Amid Market Volatility
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