On December 27, an address involved in the Ethereum ICO executed its first outgoing transaction in over nine years, transferring 631.1 ETH ($2.08 million at the time of writing) to Coinbase. This activity was highlighted by Spot On Chain.
? Late Christmas gift redemption? An #Ethereum ICO participant returned after 9.4 years of dormancy and deposited 631.1 $ETH ($2.14M) to #Coinbase in the past 10 hours as the market rebounded!
In July 2015, this participant received 1,940 $ETH (then worth only $601) at the… pic.twitter.com/9o1qjlInWV
— Spot On Chain (@spotonchain) December 27, 2024
In July 2015, the address received 1940 ETH, which was valued at $601 at the time.
According to Spot On Chain, the user retains 1309 ETH ($4.3 million). The identity behind the tracked wallet remains unknown.
Previously, an Ethereum ICO participant “awoke” after eight years of inactivity, sending 0.01 ETH from an address holding 200 ETH.
In March, a wallet dormant for nearly 12 years moved all its 500 BTC, amounting to nearly $35 million. The user acquired the first cryptocurrency on July 14, 2012, at a price of $7.57.
In late July, an unknown Ethereum ICO participant moved 2000 ETH for the first time in nine years, distributing them across two new addresses.