Whale That Bought 100,000 ETH for $0.31 Each Just Sent $2.4M to Kraken

An Ethereum initial coin offering (ICO) buyer who bought 100,000 ETH at $0.31 each just moved another 1,000 ETH, worth about $2.4 million, to Kraken. Onchain sleuths picked up on the move earlier today , highlighting that an Ethereum OG who bought 100,000 ETH at $0.31 each during the ICO has now sold 1,000 ETH. Blockscout records show the wallet sent the coins on Oct. 23 at 19:29 UTC to an intermediate address, which forwarded all 1,000 ETH to a Kraken hot wallet three minutes later. With ether trading near $2,377 , that batch is worth about $2.38 million and at ICO rates the gain now stands at over 7,600x.

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