Dormant Ethereum ICO Whale Wakes Up with $116 Million in Ether
Hey there, crypto readers! We’ve got some juicy news for you today. It seems that after eight long years of slumber, a massive whale has awakened in the Ethereum waters. Whale Alert, a blockchain parser, recently alerted the community about the activation of a dormant pre-mine address containing a whopping 61,216 ether.
Now, here’s the breakdown of the key points:
– The whale had been inactive for a staggering eight years before finally stirring from its slumber.
– The user who activated the dormant address paid a measly $0.31 per ether back in 2014 during the Ethereum ICO. Talk about a bargain!
– The current value of the ether stash is a mind-boggling $116.5 million. That’s quite the return on investment!
– The funds were sent to an ethereum address linked to the popular exchange Kraken, adding more intrigue to the story.
– Interestingly, this isn’t the first time we’ve seen Ethereum ICO activations. There have been several instances of ether movement in 2022 and 2023, with millions of dollars’ worth of ETH changing hands.
Hot Take: It’s fascinating to see these dormant addresses come to life after so many years. It just goes to show that the crypto world is full of surprises. Who knows what other sleeping giants are waiting to be awakened? Keep your eyes peeled, crypto enthusiasts, because you never know what might happen next!
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