10-year dormant Ethereum ICO wallet transfers 200 ETH out… recording over 10,000x returns
Suehyeon Lee
Summary
- The Ethereum (ETH) ICO wallet, which had been inactive for over 10 years, reportedly transferred about 200 ETH externally.
- The wallet received 1000 ETH from an approximately $310 investment in 2014, and its current valuation is about $3,130,000.
- It recorded a 10,097x return compared to the initial investment, and about 800 ETH still remain in the wallet.
An Ethereum (ETH) initial coin offering (ICO) wallet that had been inactive for more than 10 years has moved again and transferred some assets externally.
On the 17th (local time), LookOnChain reported that the Ethereum ICO wallet known by the address '0x9a67' transferred about 200 ETH (approximately $626,000) externally. The wallet was an account that, during the 2014 ICO, invested about $310 and was allocated a total of 1000 ETH; it is now valued at about $3,130,000. That represents a 10,097x return compared to the initial investment.
The wallet had not moved coins for over 10 years and this time transferred a portion for the first time. The remaining approximately 800 ETH still remain in the original wallet.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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