An address that once participated in the Ethereum ICO transferred 2990 ETH to CEX 9 hours ago

BlockBeats reports that on September 29, according to on-chain data analyst @ai_9684xtpa, an address that once participated in the Ethereum ICO transferred 2990 ETH (approximately $7.97 million) to Kraken nine hours ago, presumably for sale.

Over the past six days, this address has transferred a total of 15,000 ETH to trading platforms with a total value of $39.33 million; thus far all ETH from this address have been sold off completely and only four addresses still hold 60 thousand tokens.