Early Ether Wallets Transfer More Than $52 Million to Exchanges

Two early Ether (ETH) wallets moved more than $52 million in tokens to Kraken and Coinbase in October, alongside a separate 3,000 ETH transfer from a dormant address on Oct. 22. One wallet deposited 6,369 ETH, worth about $16 million, to Kraken earlier in October. The wallet had acquired the tokens at $14 each. An Ethereum initial coin offering participant moved 13,330 ETH, valued at more than $36 million, to Coinbase. The wallet acquired 170,000 ETH through Ethereum’s 2014 presale at about $0.31 per token. A separate 3,000 ETH transfer to Kraken on Thursday, Oct. 22, was valued at $7.23 million. The address had been inactive for 9.5 years, as detailed in coverage of the dormant address’s Kraken transfer .

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