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Kraken and Coinbase Receive 19,699 Ether (ETH) From Early Ethereum Addresses

Lookonchain valued the Kraken transfer at $15.95 million; a Binance Square post put the Coinbase movement at $36.37 million.

Updated 1 min read
A graphic traces two Ether transfers across the Ethereum network toward two cryptocurrency exchanges / TokenPost.ai
A graphic traces two Ether transfers across the Ethereum network toward two cryptocurrency exchanges / TokenPost.ai

Posts from Lookonchain and 余烬Ember described deposits of 6,369 Ether (ETH) at Kraken and 13,330 ETH at Coinbase, with reported values totaling about $52.32 million.

Lookonchain put the Kraken-bound transfer at 6,369 ETH, or $15.95 million. The account said the sending address had accumulated the tokens at $14 apiece.

A Binance Square post by 余烬Ember reported that 13,330 ETH worth $36.37 million reached Coinbase. It linked the wallet to an Ethereum presale participant and said that person bought 170,000 ETH for about $0.31 each. The reported Coinbase movement was 13,330 ETH, not the full 170,000 ETH acquisition.

The same post estimated a $193 million gain and a 3,655x return on the holdings; the transfer does not establish a realized profit. Together, the deposits total 19,699 ETH, valued at $52.32 million in the posts. The reported destinations and amounts do not establish whether either holder completed a sale or why the tokens were sent to exchanges.

Blockchain records show where the tokens went, but do not establish that a trade occurred or what prompted the transfers.

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