Ethereum Whale Offloads $31.6M, Is Market Sentiment Shifting?

The post Ethereum Whale Offloads $31.6M, Is Market Sentiment Shifting? appeared first on Coinpedia Fintech News

Despite the broader market being bullish on the future prices of Bitcoin and Ethereum, an Ethereum ICO participant checks out. After being dormant for over two years, the whale has deposited 12,010 tokens over Kraken over the past 4-days. The deposits are worth almost US$31.6M. The participant initially had 150k ETH during the ICO event, which was worth 46.5k. Currently, the investment has grown massively to almost $400M. As one of the ancient whales selling ETH with the Ethereum Foundation and Vitalik Buterin making news for offloading, the sentiment among the top investors might shift.

Transaction details here.