Hupzy (Spot On Chain)|Oct 28, 2026 02:22
After a year of dormancy, an Ethereum Foundation-linked ICO whale moved its remaining ๐ณ,๐ฑ๐ต๐ฐ ๐๐ง๐ ($17.8M) into Kraken, closing out a position that began at the Ethereum ICO.
The whale acquired 200,000 ETH at the ICO for $0.311 each ($62K total) and separately received 42,654 ETH from the EF when ETH traded at $13.82. Over 11 years the whale sold at an average near $1,368, turning roughly $62K into approximately $๐ฎ๐ณ๐ฏ.๐ฒ๐ .
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A completed liquidation from a cost-basis-near-zero holder is clean sell pressure, and the EF linkage adds a governance-adjacent dimension. The full position is now closed โ no further tranches follow from this wallet. The $17.8M Kraken deposit is immediate sell-side flow, but the 11-year exit pattern (avg sell near $1,368 vs current near $2,345) confirms patient distribution at progressively higher levels, not a panic dump. Terminal event for this specific whale.
https://arkm.com/explorer/address/0xa0e239b0ABf4582366AdaFF486EE268C848c4409
source: EmberCN
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