Ethereum ICO participant wakes up to $ 4.42 million in ETH after 8 years

Ethereum ICO participant wakes up to $ 4.42 million in ETH after 8 years

A wallet that took part in the initial of Ethereum Coin offer (ICO) in 2016, which has been resting since then, has finally woken up after seven years and seven months.

according to a Twitter from the on-chain analysis company Lookonchain transferred the address to a new address about 13 hours ago and thus marked its first transaction. The crypto community speculates that it is a test transaction. However, the ICO wallet has not carried out any further transactions since then.

• At the time of the ICO, the wallet received 2,365 ETH worth around $ 733.51, since the token sales price was $ 0.311. However, the assets are worth around $ 4.36 million at the current market price of ETH, which signals a ROI of almost 600,000 %.
• The ICO participant has joined the list of previously inactive addresses that were suddenly brought to life and have started the transfer of their assets. In December two Ethereum addresses that have been suspended since October 2018 for the first time significant transfers of 22,982 ETH.
• Apart from Ethereum, there were also reports that resting Bitcoin (BTC) addresses are active again.
• A striking example is a wallet that has recently received 6,071 BTC in 2013 and recently sent 2.071 BTC to a new address. At the time of the first transaction, the value of a BTC was $ 663, and the total value of the wallet was over $ 4 million.
• until April 2023, when it was reactivated, the value of the hiding place was deployed to $ 176 million, and assets worth $ 60 million were transferred.
• In March 2022 another Bitcoin address activated for the first time in 11 years. The address contained 489 BTC worth only $ 50 in 2010. At the activation date, the assets were worth over $ 20 million.

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