Ethereum ICO whale 0xB8c/0x35c just deposited 4,000 ETH ($10.58M) to Kraken:

• transaction: 0x681ce9a9a85207be587cf321beea5b5de92295df213bf0fd6d4bdcf4f635d64f

• address: 0x35c9bbd1e0ddeadca4118a2378e9b0d1959b79f1

• 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 34,000 ETH to Kraken and Bitfinex at $2,542 on average ($86.4M) since July 31, 2019. Among these tokens, 10,000 ETH ($35.4M) were unloaded between June 16 and 18, 2024, before the price dropped sharply, and 19,000 ETH ($49.9M) were unloaded in the past 9 days.
• still holds and stakes 120,450 ETH ($318.5M) across 8 wallets.

Fig 1. The Ethereum ICO participant 0xB8c entity has deposited 19,000 ETH ($49.9M) to Kraken in the past 9 days.

Fig 2. The overall ETH unloading history of the Ethereum ICO participant 0xB8c entity.

Fig 3. The current ETH holdings of the Ethereum ICO participant 0xB8c entity.