Ethereum ICO participant 0xB8c entity just resumed depositing 6,000 ETH ($14.15M) to Kraken:

• transaction: 0x5becc2a02dec682646c59d4fa36ba98bf3ebb4c0e2e36f864e1406d683498ab1
• address: 0xbf4e47672b9418865bb27147d1b09fcb00573c06
• 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 55,000 ETH to Kraken and Bitfinex at $2,501 on average ($137.6M) 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 40,000 ETH ($101.1M) were unloaded in the past 11 days at $2,526 on average;
• still holds and stakes 99,450 ETH ($234.5M) across 8 wallets.

Fig 1. The Ethereum ICO participant 0xB8c entity has deposited 40,000 ETH ($101.1M) to Kraken in the past 11 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.