Ethereum ICO participant moves $6 million in ETH after 8-year dormancy: onchain data
The Block
An early Ethereum investor moved 1,500 ETH, worth about $6 million, to Kraken after eight years of inactivity.Summary
Onchain data revealed that an early Ethereum investor, dormant for nearly eight years, transferred 1,500 ETH, valued at approximately $6 million, to the crypto exchange Kraken in two transactions on Wednesday morning. This address's last outbound activity was recorded in January 2018. The investor was part of Ethereum's 2014 Initial Coin Offering (ICO), where they initially acquired 20,000 ETH for $6,200 in 2015. This event follows a recent trend of several Ethereum ICO whales resurfacing and moving large amounts of ETH as the cryptocurrency reached new highs this year, including transfers totaling millions of dollars in August and a 150,000 ETH movement last month.
(Source：The Block)