According to @EmberCN, a cluster of addresses suspected to be tied to Hex, PulseChain, and PulseX founder @RichardHeartWin transferred 81,000 ETH worth about $323 million within the past 5 hours, highlighting significant on-chain activity that traders track for potential liquidity impacts, source: @EmberCN. According to @EmberCN, the same address cluster reportedly purchased 132,000 ETH on-chain in March 2023 using 499 million DAI at an average cost of $3,770 per ETH, source: @EmberCN. According to @EmberCN, aside from 9,500 ETH sent through Tornado Cash over the past six months, the remainder of these holdings had largely stayed in place until this recent movement, source: @EmberCN. According to @EmberCN, the 81,000 ETH was redistributed across multiple wallets listed in the report, underscoring a notable consolidation or redistribution pattern rather than a single destination, source: @EmberCN. Based on the reported $323 million valuation for 81,000 ETH, the transfers imply a contemporaneous reference price near $3,990 per ETH, a figure derived from the author’s data, source: @EmberCN. Based on those figures, selling the transferred tranche at the implied price would equate to roughly $220 per ETH in gross profit versus the reported $3,770 average entry, or about $17.8 million across 81,000 ETH, calculation based on data from @EmberCN. According to @EmberCN, the thread does not indicate deposits to centralized exchanges or DEX routers, so the on-chain intent remains unconfirmed from the provided evidence, source: @EmberCN.

According to @ai_9684xtpa, two major Ethereum ICO whales, both with cost bases as low as $0.31 per ETH, recently transferred significant amounts of ETH to centralized exchanges. One whale, originally holding 1 million ETH from the ICO, deposited 959.69 ETH (worth $2.54 million) to OKX five hours ago, while still retaining 50,704 ETH (valued at $132 million) on-chain (source: intel.arkm.com, @ai_9684xtpa). Another OG ICO participant from 2015 transferred 587 ETH to Kraken three hours ago. Such large-scale exchange deposits by long-term holders often signal potential selling pressure, which can impact Ethereum price action and overall crypto market sentiment. Traders are monitoring these whale movements for possible short-term volatility or trend shifts in ETH.

According to Lookonchain, Ethereum OG wallet '0x4fA0' transferred 2,500 ETH, valued at $6.65 million, to Kraken after four years of inactivity. The wallet still holds 12,157 ETH, worth $32.35 million, indicating a significant reserve that could impact market liquidity if moved further. Traders should monitor Kraken inflows and potential sell pressure, as large dormant wallets awakening often lead to increased volatility and short-term price fluctuations in ETH markets. Source: Lookonchain (twitter.com/lookonchain/status/1925734349854343453).

According to Crypto Rover, Ethereum cofounder Jeffrey Wilcke has transferred $262 million worth of ETH to the Kraken exchange (source: Crypto Rover, Twitter, May 20, 2025). Large-scale movements of Ethereum from a founding wallet to a centralized exchange are typically interpreted by traders as a possible precursor to significant sell pressure. Such whale transactions often trigger heightened market volatility and can influence short-term price dynamics for ETH and the broader crypto market. Traders should closely monitor Kraken and major trading platforms for abnormal sell activity, as large inflows of ETH could lead to rapid price fluctuations and impact related DeFi tokens.