Ethereum ICO whale moves additional 1.5K ETH to Kraken, totaling 16.5K ETH

An anonymous whale address (starting with 0xFac), which participated in Ethereum’s 2015 initial coin offering (ICO), transferred an additional 1,500 ETH to Kraken approximately six hours ago, according to Cointelegraph on X. Over the past two weeks, the wallet has deposited a total of 16,500 ETH to exchanges and currently holds 13,500 ETH. While exchange deposits are generally interpreted as a signal of intent to sell, they do not always result in actual sales.