The transaction of a large Ethereum whale after years was on the agenda on social media. According to the data of blockchain follower Etherscan, the whale, which has not handled ETH tokens for about 8 years, has moved all its coins to the Kraken exchange.
The whale, who bought 61,000 ETH during the public offering of the cryptocurrency, surprised everyone with his move years later. The current value of the tokens in the hands of the whale, which bought a funny figure of 31 cents per Ethereum in 2014, is $ 116 million.
This move has caused unease among loyal Ethereum investors on social media.
Why Did ETH Whale Move Coins To The Exchange?
While the move of assets in a crypto wallet to centralized exchanges is mostly for sale, there may be another explanation for this move. It is also possible that the giant whale made such a move to move its coins to a safer port or to avoid taxes.
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