An unknown address that bought 8,000 ETH (~$14.7m) during the ICO woke up and transferred all funds to another wallet.
An Ethereum ICO participant who has been dormant for 8 years woke up today.
He transferred all 8000 $ETH($14.7M) to a new address.https://t.co/1griKB9Te9 pic.twitter.com/1bvQh3zsqY
— Lookonchain (@lookonchain) May 28, 2023
According to on-chain data, the user first made a test transaction of 1 ETH, and then sent the remaining 7,999 ETH. The funds were transferred to another wallet with a limited transaction history.
At the time of purchase, the assets were worth roughly $2,500 — $0.31 per coin.
On May 27, 207 ETH (~$395,000) were sent to the same address, which had been dormant since 2017.
Earlier, in April 2022, unknown actors moved more than 12 years from five wallets that had been dormant.
In the same month in 2023, 6071 BTC began moving, held for nine years.
Earlier, an unknown address moved 2.04 million DOGE, which had been held since December 31, 2013.