On January 14, an unknown Ethereum holder sent 0.01 ETH from an address that had been inactive since the coin’s ICO—over eight years ago. This was reported by Whale Alert.
? A dormant pre-mine address containing 200 #ETH (506,140 USD) has just been activated after 8.5 years!https://t.co/NtW3dDb2So
— Whale Alert (@whale_alert) January 14, 2024
In total, the sender’s wallet contained 200 ETH (over $500,000 at the time of the transaction). These were credited in July 2015, when the price of 1 ETH was approximately $0.31.
At the time of writing, Ethereum is trading at $2515, according to CoinGecko.
In July 2023, another ICO participant moved 641 ETH (about $1.2 million at that time) for the first time.