Summary
- An ETH ICO wallet that had been dormant for 10.8 years moved all 790.17 ETH to a new wallet.
- The investor received 790.17 ETH for about $245 during Ethereum's ICO and is now sitting on about $1.79 million, for a return of roughly 7,303 times.
- The market is watching the possibility of a sale after an early Ethereum wallet that had been dormant for years became active.
Forecast Trend Report by Period
An Ethereum initial coin offering, or ICO, wallet that had been dormant for more than a decade has become active again.
Lookonchain said on May 13 that Ethereum ICO address 0xeD41 moved 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 during Ethereum's ICO to receive 790.17 ETH. The holdings are now worth about $1.79 million, implying a return of roughly 7,303 times.
The transfer of a long-dormant early Ethereum wallet has drawn market attention over whether the tokens could eventually be sold.
Ethereum was trading at $2,262 on Binance's USDT market, down 1.28% from a day earlier.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
