yobit.net вход yobit.net вход
Ethereum Whale Alert: 80,177 ETH transferred to Kraken – Coinnounce

Ethereum Whale Alert: 80,177 ETH transferred to Kraken

The downfall of Ethereum is believed to be because of the massive selling by projects that accepted ETH during their ICO. According to reports, Initial Coin Offerings have lost almost half of their investments due to the sharp decline in the price of Ethereum this year. While Ether was trading above $800 in the first half of the year, it crashed down to $200 and now even below $100 in the second half. The sudden crash of price has led to the Ethereum investors and projects that had an Initial Coin Offering against Ethereum to panic sell their holdings in order to protect themselves from further losses. Large Ethereum whales have been transferring their holdings onto exchanges in order to sell. Just a few hours ago, more than 80,000 ETH were transferred to  Kraken Exchange in two transactions which may be the holdings of an Initial Coin Offering that is wanting to sell for avoiding losses as the price is expected to fall even further up to $60 according to market analysts.  Here are the transaction details of the transfers:

Transaction 1: 34,999 ETH


Transaction 2: 45,178 ETH


This article is not any financial advice. Readers are advised to do their own research and analysis before investing or trading in any digital assets or cryptocurrencies.

Layla Harding

View Comments

Recent Posts

SEC says KIK Violated the Federal Securities Law

The U.S. Securities and Exchange Commission (SEC) is on the tail of Kik Interactive, a social media platform who sold…

1 day ago

Hong Kong Finally Suspends China Extradition Bill

Carrie Lam, Hong Kong's Chief Executive announced an indefinite suspension of a debate pertaining to a bill that will allow…

1 day ago

Following Binance, Bittrex closing Altcoins markets for US citizens

After Binance's announcement on June 14, 2019, that its U.S. customers will no longer be able to trade on Binance.com…

1 day ago

Litecoin Price Analysis, 15th June: Bulls Taking Charge

LTCUSD Dominant Trend: Bullish Resistance Levels: $150, $170, $190 Support Levels: $105, $85, $65   Litecoin Price Analysis Litecoin price…

2 days ago

Ethereum Price Analysis, 15th June: ETH Bulls Targeting $300

ETHUSD Dominant Trend: Bullish Resistance Levels: $280, $300, $320 Support Levels: $220, $200, $180 Ethereum Price Analysis Ethereum price has…

2 days ago

Bitcoin Price Analysis, 15th June: BTC to USD Still Bullish

Bitcoin is trading at $8,650, after an upward trend of 4.7% on Friday. Bitcoin and Ethereum are the only important…

2 days ago

This website uses cookies.