# Early Ether Wallets Transfer More Than $52 Million to Exchanges By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/39452 Published: 2026-10-24T00:10:13.000Z Updated: 2026-10-24T00:10:13.000Z Section: Investing > One wallet deposited 6,369 ETH at Kraken, while an Ethereum ICO participant moved 13,330 ETH to Coinbase. Two early Ether (ETH) wallets moved more than $52 million in tokens to Kraken and Coinbase in October, alongside a separate 3,000 ETH transfer from a dormant address on Oct. 22. One wallet deposited 6,369 ETH, worth about $16 million, to Kraken earlier in October. The wallet had acquired the tokens at $14 each. An Ethereum initial coin offering participant moved 13,330 ETH, valued at more than $36 million, to Coinbase. The wallet acquired 170,000 ETH through Ethereum’s 2014 presale at about $0.31 per token. A separate 3,000 ETH transfer to Kraken on Thursday, Oct. 22, was valued at $7.23 million. The address had been inactive for 9.5 years, as detailed in [coverage of the dormant address’s Kraken transfer](). The transactions show Ether moving to exchange addresses, but they do not confirm completed sales or explain why the holders moved the funds. ## Links in this article - [coverage of the dormant address’s Kraken transfer](https://www.tokenpost.com/news/investing/38705)