Ethereum: Dormant Wallet Moves 8,000 ETH Worth ~$15 Million Within 2 Minutes
An Ethereum ICO participant who had been dormant for around 8 years recently became active. According to the smart money tracking platform LookChain, he transferred all 8000 ETH tokens to a new address. They were cumulatively worth $14.7 million. The transfer happened via two individual transactions. The first one was perhaps a test transfer, for only 1 ETH was sent to a new wallet. A minute later, the participant transferred the left over 7,999 ETH to the same new wallet address. An Ethereum ICO participant who has been dormant for 8 years woke up today. He transferred all 8000 $ETH($14.7M) to a new address.https://t.co/1griKB9Te9 pic.twitter.com/1bvQh3zsqY — Lookonchain (@lookonchain) May 28, 2023 Also Read: 20,000% Vs. 11,000%: Bitcoin Beats Nvidia in 10 Year Gains Even though the ICO whale address was activated after a period of 8 years, participants who acquired ETH more recently, continue to clasp onto their holdings. As far as the macro picture is concerned, the ...