Dormant Ethereum Whale Transfers 15,000 ETH to Kraken Amid Sales

A dormant Ethereum whale recently moved 15,000 ETH to Kraken, adding selling pressure. The State of Michigan Retirement System invested $11M in Grayscale’s Ethereum ETF. A long-dormant Ethereum whale has transferred 15,000 ETH, or around $39.38 million, to the Kraken exchange. Beginning on September 22, 2024, this change tracks a sequence of significant sales by [...]