Ethereum ICO participant 0xB8c/0x35c just further deposited 6,000 ETH ($14.73M) to Kraken:

• transaction: 0xda616f0651e94e9263f9e28f2c651fa35ca67e69a07afb592b8187fc1847048c
• address: 0x35c9bbd1e0ddeadca4118a2378e9b0d1959b79f1
• This address belongs to the entity Ethereum ICO participant 0xB8c

Overall, since its return after 3 months of inactivity on September 23, the whale has deposited 30,000 ETH ($77.39M) to Kraken at an average price of $2,580 (more details here). Among these tokens, 15,000 ETH ($38.06M) were unloaded in the past 15 hours alone.

Currently, the whale still holds 109,450 ETH ($269M) across 8 wallets and may continue depositing more ETH to CEXs soon.

Note that the ETH price tended to drop with a lag after the whale's deposits. The ETH price also dropped by 5.73% in the past 24 hours, mostly affected by Iran's strike against Israel.

Fig 1. The 4 latest ETH transactions by the Ethereum ICO participant 0xB8c entity.

Fig 2. The Ethereum ICO participant 0xB8c entity deposited 30,000 ETH ($77.39M) to Kraken in the past 9 days.

Fig 3. The current ETH holding of the Ethereum ICO participant 0xB8c entity.