The 2015 Ethereum Era ICO Whale Transfers IDR 908 Billion ETH To Kraken

JAKARTA - On Tuesday last week, Ethereum's paus from the ICO era in 2015 moved 15,000 ETH to the Kraken exchange, marking its first activity in years. This transaction, recorded on June 7, 2024, reached a value of around 56.1 million US Dollars (around Rp908 billion), according to current exchange rates.

This mysterious account, which is estimated to receive 67,000 Ether during Ethereum's ICO, now has assets worth 152.3 million US Dollars (approximately IDR 2.4 trillion) ready for sale. This is the third transaction carried out by the account since 2022, indicating a pattern that may indicate a long-term strategy or sudden liquidity requirement.

According to U.Today's information, in the 2020-2021 period, this account has made a series of major transfers to the central exchange, for a total of more than 150,000 Ether or more than 553 million US Dollars (approximately IDR 8.9 trillion). Most of this amount was then exchanged for 4.81 million DAI, with an average value of 2,725 US Dollars (approximately IDR 44 million) per ETH.

The recent liquidation wave has caused heavy losses to Ethereum traders, with more than 50 million US Dollars (approximately Rp809 billion) missing in short positions and 5 million US Dollars (approximately Rp80 billion) in long positions, based on data from Coinclass.

Currently, Ethereum is trading at a price of 3,694.04 US Dollars (approximately IDR 59.8 million), down 2.89% in the last 24 hours. This price movement is the main focus in the volatile crypto asset market, especially with the rise of Ethereum's long inactive paus.