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Ethereum ICO buyer moves 1,000 ETH worth $2.4M to Kraken amid ongoing profit-taking.

Market News
24 Oct 2026
Bitcoin
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Neutral
Ethereum ICO buyer moves 1,000 ETH worth $2.4M to Kraken amid ongoing profit-taking.

An early Ethereum ICO buyer who purchased 100,000 ETH at $0.31 each has transferred 1,000 ETH, valued at about $2.4 million, to Kraken. This wallet, active since 2014, still holds roughly 11,349 ETH worth $27 million. The move reflects a long-term profit-taking pattern rather than panic selling, as the owner has been gradually cashing out over nearly a decade. This sale comes amid broader market pressure on Ethereum and Bitcoin, with investors watching closely for further large transfers that could signal market sentiment shifts.

Ethereum's market cap stands at Rp5.253,74 trillion as of Oct 24, 2026, 15:41 WIB, with a 24-hour trading volume of Rp163,4 trillion on Pluang. Despite the whale's transfer of 1,000 ETH to Kraken, Ethereum's price on Pluang is down 1.69% at Rp42.772.008, while order activity shows a stronger buy interest at 61%. The typical hold time of 108 days indicates a relatively patient investor base amid ongoing profit-taking moves.

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