User moves 641 ETH purchased eight years ago

The Ethereum address that participated in the original coin offering (ICO) moved 641 ETH worth about $1.2 million for the first time in eight years.

According to Lookonchain experts, the user sent the assets into staking.

In total, during the ICO the wallet received 2000 ETH at a price of ~$0.31 per coin. These assets are now worth about $3.72 million.

At the time of writing, ETH is trading at $1867, up 0.33% over 24 hours.

In August 2022, an unknown Ethereum Genesis moved 145 000 ETH from a wallet that had been idle for the last three years.

Later, the user who bought 8000 ETH during the ICO transferred all funds to another wallet. A few days earlier, 207 ETH had been sent to the same address, which had been inactive since 2017.

In 2022, unidentified users withdrew 250 BTC from five wallets that had been dormant for more than 12 years.

In April 2023, 6071 BTC came into motion, held for nine years.

Previously, an unknown address moved 2.04 million DOGE, which had been held since December 31, 2013.