Ethereum ICO Buyer Transfers $2.4 Million in ETH to Kraken
Edited by Steinar Vigdel Kolnes, Editor, Oslo
An early Ethereum buyer who acquired 100,000 ETH at $0.31 per token has transferred another 1,000 ETH, valued at roughly $2.4 million, to Kraken.
An Ethereum initial coin offering participant has moved another 1,000 ETH to cryptocurrency exchange Kraken, according to Bitcoin.com News. The transfer was valued at approximately $2.4 million.
The holder originally acquired 100,000 ETH for $0.31 each during Ethereum’s ICO, putting the total purchase cost at about $31,000.
Onchain observers flagged the latest movement from the early buyer. While the source described the transaction as a sale, a transfer to an exchange alone does not establish whether the tokens were sold.
Source: Bitcoin.com News