Recently, an Ethereum wallet that had remained inactive since the initial coin offering (ICO) over ten years ago was activated. The owner of this wallet transferred 2000 ETH to another address, marking the first transaction since participating in the ICO.
This is reported by Finway
Asset Value and Potential Investor Profit
During the ICO, the Ethereum owner invested about $620, for which they received 2000 ethers. At the time of the transfer, the total value of these assets was estimated at approximately $5.8 million. Thus, the unrealized profit for the investor from the initial investment increased by 9435 times, indicating the impressive growth of cryptocurrency value over the past decade.
“According to their data, the wallet owner invested about $620 during the initial offering of Ethereum. In exchange, they received 2000 ETH, which at the time of the transaction was valued at approximately $5.8 million.”
Prospects and Current Price of Ethereum
Analysts have not clarified whether this transaction is a preparation for selling the assets or if the investor has simply changed their storage strategy. As of today, the price of Ethereum is approximately $2900 per unit.
ETH/USDT chart on Binance exchange. Data: TradingView.
Similar cases have occurred before. For example, an ICO participant of Ethereum recently withdrew 1500 ETH after eight years of inactivity, indicating increasing activity among holders of long-term crypto assets.