An Ethereum ICO whale has transferred $116 million worth of ETH to the cryptocurrency exchange Kraken. The wallet had been inactive for eight years and was originally part of Ethereum’s public crowdsale in 2014. The ICO raised $18.3 million and paved the way for other blockchain projects to raise capital through token sales. The sender conducted a test transaction before the transfer and their identity and reason for moving the funds remain unknown. This is not the first instance of whales moving dormant funds this year.

AI Sentiment: Neutral