Ethereum ICO participant 0xB8c/0xb1e just deposited 2,990 ETH ($7.99M) to Kraken:

• transaction: 0x9bbebbe720906ad5a80e2686c226bda632c2dbad95f438cc98246c91edd106e7
• address: 0xb1e52e319b83dd3bedbae9878b63f67b535de2be
• This address belongs to the entity Ethereum ICO participant 0xB8c

Notably, the whale:

• received 150,000 ETH in 2015 at an ICO price of $0.31 ($46.6K) via wallet 0xb8cc0f060aad92d4eb8b36b3b95ce9e90eb383d7;
• has so far deposited 30,000 ETH to Kraken and Bitfinex at $2,528 on average since July 31, 2019, of which 10,000 ETH ($35.4M) were unloaded between June 16 and 18, 2024, before the price dropped sharply, and 15,000 ETH ($39.3M) were unloaded in the past week as the ETH price recovered.
• still holds and stakes 124,450 ETH ($332M) across 8 wallets.

Fig 2. The Ethereum ICO participant 0xB8c entity has deposited 15,000 ETH ($39.3M) to Kraken in the past week.

Fig 2. The current ETH holdings of the Ethereum ICO participant 0xB8c entity.