An unknown investor, who purchased Ethereum during the ICO over ten years ago, has transferred 334.7 ETH to another wallet, activating their funds for the first time after a long period of inactivity. At the time of the transaction, the value of this amount of Ethereum was approximately $1.48 million, as the ETH price remained around $4500.
This is reported by Finway
Transfer After a Decade of “Dormancy”
According to data from an analytical platform, before executing the main transaction, the wallet owner first conducted a test transaction to ensure the address was functional. It is worth noting that during the initial coin offering (ICO) of the Ethereum project, the investor invested only $104, for which they received 334.7 ETH. At the current rate, the profit from such an investment could exceed the initial investment amount by 14,269 times.
“The value of the assets at the time of the transaction was approximately $1.48 million.”
Activity of Early Ethereum Investors
Similar examples of activating wallets that have not been used for many years are increasingly being recorded in the cryptocurrency market. Previously, there have been reports of activity from other participants of the Ethereum ICO, who have begun to move their assets for the first time in nearly a decade.
ETH/USDT Chart on Binance. Data: TradingView.
The rise in the price of Ethereum and the emergence of new opportunities in the market are likely encouraging the owners of old wallets to return to active engagement with the cryptocurrency they purchased in the early stages of the project’s development.