Crypto Whale From ICO Era Moves $116 Million In Ether To Kraken-Linked Wallet

Transfers from whales – the term assigned to wallets with large holdings of cryptocurrencies in on-chain addresses – are not uncommon in crypto. Observers and participants usually monitor these whales as their activity, whether buying, selling, or moving coins around, could impact token prices or market sentiment.

When crypto whales withdrew huge amounts of a token from an exchange, for example, some might take it as a bullish signal that large holders expect the market to run upwards.

Conversely, crypto whales depositing a large number of coins on an exchange could signal an incoming sell-off or bearish sentiment.

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