Ethereum OG Deposits $20.4 Million to Kraken

An early Ethereum ETHUSD adopter recently deposited 4,500 ETH (roughly $20.4 million) into the Kraken exchange. 

Over the past four months, the wallet has sent a total of $23.4 million to various exchanges. 

The sudden rush in activity comes after two years of inactivity amid the recent market moves. 

Following the recent transfers, the wallet continues to hold a total of $13.8 million.$4,610

Following the deposits, the wallet continues to hold a total of $13.8 million worth of ETH. 

Earlier today, the price of ETH spiked to an intraday high of $4,610, reaching the highest level in weeks. 

Strong institutional demand 

Meanwhile, the flagship altcoin continues to enjoy impressive institutional demand. 

Over the past week, it attracted a total of $1.29 billion worth of net flows.