According to Lookonchain, despite the recent Ethereum (ETH) rally, a major ICO-era whale who originally received 76,000 ETH for $23,560 during Genesis has continued liquidating holdings, depositing the last 1,900 ETH (worth $4.44 million) to Kraken three hours ago (source: x.com/lookonchain). This significant on-chain movement suggests ongoing selling pressure from early investors and may signal potential short-term volatility for ETH traders. Monitoring whale activities and large exchange deposits remains critical for anticipating price swings and managing risk in the current bullish environment.