A Ethereum ICO participant whale has transferred 6,000 Ether (ETH) to crypto exchange Kraken in a latest transaction on September 18.
The onchain analyst Lookonchain, noted that Whale deposited 6,000 ETH, approximately $9.96 million, to Kraken. The address received 106k ETH from the original Ethereum ICO participant whale.
The anonymous whale received 254,908 ETH in July, 2015 from the Ethereum Genesis block, which accounts for approximately $422 million as per the current ETH market price.
Whales transferring their assets to crypto exchanges usually act as a bearish catalyst significantly influences market sentiment and selling pressure. However, the amount transferred by the whale is a very small portion compared to its holding.