Giant Altcoin Whale, Sleeping for 8 Years, Awakens: Millions of Dollars Transfer!

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One Ethereum The (ETH) investor moved around $14.7 million worth of the leading altcoin this weekend after holding it for nearly eight years.

A person who participated in ETH’s initial coin offering (ICO) in 2014 received 8,000 ETH from the Ethereum genesis block in July 2015. He then dumped all the Ethereum into an unknown wallet, holding it until last Saturday.

Process the first crypto- follower Lookonchain reported.

Blockchain tracking service Etherscan shows that the deep-pocketed investor paid just over $1 to process the big ETH transaction.

The Ethereum initial coin offering price was around $0.31, compared to $1,825 at the time of trading on Saturday. This means that the value of the ICO participant’s 8,000 ETH has skyrocketed from around $2,480 at the time of purchase to about $14.7 million nearly eight years later, a stunning 588,6110% increase.

At the all-time high price of $ 4,878, which Ethereum reached in November 2021, 8,000 ETH would be worth more than $ 39 million.

The receiving wallet appears to be built for post-transactions. According to Etherscan, this address also received 207.8 ETH from an unknown third wallet on Saturday, with around 8,207.8 ETH currently worth more than $15.5 million. Altcoins holding.

Ethereum is trading at $1,892 at the time of writing. The second-ranked crypto asset by market cap has increased by 2.5% in the last 24 hours and by around 6% in the last seven days.


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