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Ethereum Price Surge Triggers $5 Million ETH Sell-Off by ICO Whales
An Ethereum ICO participant has transferred another 1,060 ETH, worth over $5 million, to Kraken as the price of Ethereum nears its all-time high. This marks the latest in a series of transfers to the exchange by the same whale. Over the past few days, the whale has sent approximately $24.1 million worth of ETH to Kraken, signaling the potential for more selling as the cryptocurrency approaches record prices. Ethereum’s recent price rally has brought the token within 3% of its previous all-time high of around $4,868. At the time of writing, ETH is trading at approximately $4,718, having climbed 23% in the past week. ... (full story)
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