According to Lookonchain, a notable Ethereum ICO participant who initially acquired 76,000 ETH for $23,560 at Genesis has continued to liquidate holdings despite the ongoing ETH rally. Three hours ago, this whale deposited their remaining 1,900 ETH, valued at approximately $4.44 million, to the Kraken exchange. This significant on-chain movement (source: Lookonchain via X.com) may increase short-term selling pressure on Ethereum, potentially impacting price momentum and providing a critical signal for crypto traders monitoring whale activity and exchange inflows.