Data: ETH ICO acquired 1 million ETH, suspected whales are building positions in ETH

ChainCatcher news, a whale who acquired 1 million ETH during the ETH ICO period withdrew 13,600 ETH (approximately 47.01 million USD) from the Kraken exchange at an average price of 3,457 USD between July 14 and August 4. This is the first time in two years that this address has withdrawn ETH from an exchange instead of selling it.

Subsequently, between August 18 and August 28, the investor sold 5,300 ETH on-chain at an average price of 4,152 USD, making a profit of 3.68 million USD from this swing trade.