Ethereum ICO Investor Selli 4k ETH & Put 5k for Kraken
One person wey join Ethereum ICO early for 2014 buy 100,000 ETH for na only $31,100 don start dey withdraw big amount recently. The person sell 4,000 ETH (about $9.7 million) then put 5,000 ETH (about $12.2 million) for Kraken. This kain big move from whales for exchanges fit make liquidity increase and fit signal say dem fit sell. Traders suppose dey watch on-chain flow, exchange balance and how ETH price dey move to sabi market sense and short term wahala.
Bearish
Big-big sales and deposits of ETH to exchange by one historic ICO investor dey often show say dem wan liquidate. The 4,000 ETH sale and 5,000 ETH deposit for Kraken dey increase exchange supply and dey raise di chance say sellers go put more pressure. For short term, this fit make ETH price drop as traders dey expect more people to exit. For long term, steady big whale outflows fit mean say early supporters dey change mind, which fit add to long downside risk for ETH.