ETH ICO participant deposits 3,000 ETH worth $8.79M to Kraken

An early participant in the Ethereum ICO has deposited 3,000 ETH, valued at $8.79 million, to the Kraken exchange, according to a report from Onchainlens. The analytics firm suggested the address is likely associated with Richard Heart, the founder of the cryptocurrency project HEX. Deposits to exchanges are typically interpreted as a precursor to selling.