Dormant Ethereum ICO Wallet Moves After 10 Years With 7,303x Gain
Summary
- Lookonchain said an Ethereum (ETH) initial coin offering (ICO) participant wallet that had been dormant for more than 10 years has become active again.
- The investor spent about $245 in the ICO and received 790.17 ETH, which is now worth about $1.79 million, representing a return of about 7,303 times.
- The market is watching whether the movement of the long-dormant Ethereum holding wallet could signal a potential sale in the future.
Forecast Trend Report by Period
An Ethereum wallet that participated in the network's initial coin offering has moved for the first time in more than a decade.
On May 13, blockchain tracker Lookonchain reported that Ethereum ICO address 0xeD41 transferred its entire 790.17 ETH balance to a new wallet after about 10.8 years of inactivity.
The investor is known to have spent about $245 in the Ethereum ICO to receive 790.17 ETH. The holdings are now worth about $1.79 million, representing a return of roughly 7,303 times.
The transfer has drawn market attention because the wallet had remained dormant for years, fueling speculation over whether the tokens may be sold.
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