lately Bitcoin (BTC) and Ethereum The activity of whales draws attention. Ethereum (ETH) A long-dormant Ethereum address that participated in the blockchain’s initial coin offering or ICO has been awakened 7.7 years later.
Ethereum (ETH) ICO Participant Awakens After 7.7 Years of Sleep
This address transferred an Ethereum to a new address in block 17110898, which was timestamped more than 10 hours ago. Some speculation suggests that this is a test run. This was the wallet’s first transaction sent.
The wallet in question received 2,365 Ethereum worth about $4.42 million today at the birth of Ethereum, according to the on-chain analytics account Lookonchain.
An Ethereum ICO participant woke up after 7.7 years of dormancy and transferred 1 $ETH to a new address.
He received 2,365 $ETH($4.42M currently) at Ethereum Genesis, the ETH ICO price is ~$0.31.https://t.co/hOfBSyml19 pic.twitter.com/yoMoB6vE9n
— Lookonchain (@lookonchain) April 24, 2023
During Ethereum’s ICO, one Ethereum cost around $0.31. Today’s Ethereum price is currently $1860.
After a long dormant period, Ethereum ICO participant activity bitcoin A couple from whale addresses are following a similar process.
On April 21, a bitcoin whale, which has been inactive for ten years, recovered $279, worth $7.8 million at the time of the transaction. Bitcoin had transferred to three new addresses.
This transaction comes a day after another long-inactive Bitcoin whale transferred 2,071.5 BTC worth $60.7 million after nine years of inactivity.
While the specific reasons for the moves are unknown, there has been speculation that some longtime crypto users are moving old funds to new wallets amid an alleged purge operation targeting old wallets. However, these have not been confirmed so far.
*Not investment advice.
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