Compass Investments

Crypto vs. Dollar

📌 In the era of the Ethereum ICO, Whale transferred and decrypted 2400 million yen to Kraken.

Surprisingly, the whales of Ethereums early coin offering (ICO) era have reappeared after more than 6 months of inactivity. Eth

– Surprisingly, the whales of Ethereum’s early coin offering (ICO) era have reappeared after more than 6 months of inactivity.

The wallet, which participated in the 2015 Ethereum ICO and purchased eth at 254,900.0311 ETH per token, today transferred the equivalent of 7,000.2428 million ETH to the Kraken exchange.

The transaction marks the end of the 209-day silence of this illustrious owner, who owns approximately 440,000 shares worth 13,950 million ETH.

This major move has caught the attention of the cryptocurrency community not only because of the size of his assets, but also because of its potential impact on the market.

The wallet address, which contains pre-mined Ethereum worth £11,600 million at the current price, transferred the entire balance of 61,216 ETH to an address associated with the Kraken cryptocurrency exchange. The wallet remained inactive for 7 years before this transaction took place at 18:23:30 GMT on January 8. As analytics firm Lookonchain found out, the wallet was part of a public Ethereum crowdsale in 2014, and its owners received tokens at an ICO price of around $0.31 per ETH. A…

Large trades by these novice traders affect market sentiment and price movements, especially if they are made on a major exchange such as Kraken.It is often (but not always) the case that someone enters an exchange to sell or prepare for further trading activity.

At the same time, another important transaction involving the U.S. government has emerged.

According to the Arkham Analytics platform, a prominent US government wallet transferred 3,375 ETH (worth about 011.75 million dollars) to an unknown address 0x5a…Today through 1871.

The seized funds of Estonian crypto entrepreneurs Sergey Potapenko and Ivan Turogin are known to be held at this address.

The transfer of such a significant amount of ETH to a government-controlled address raises interesting questions about the potential use of these funds.

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