Finst

Ethereum ICO whale awakens after 8 years

After nearly 8 years, a sleeping whale has awakened.

By Finst News
• 2 min read
Ethereum ICO whale awakens after 8 years

After nearly 8 years, a sleeping whale has awakened. According to data from block explorer Etherscan, this whale was a participant in Ethereum's original ICO. The whale is moving its coins.

According to the data, the participant received 2,365 ETH in July 2015 at a price of $0.31 per Ether. In today’s market, its investment is worth about $4.4 million. After its ICO participation, nothing happened with the mysterious address for a long time until yesterday, April 23, when it moved a single ETH to another wallet. Some speculate the ETH whale is running a test before sending larger amounts.

With its own ICO in 2015, Ethereum helped fuel a real ICO bubble for the 2017 crypto bull run. That bubble burst for many projects in 2018, leading to falling prices and a lot of scam projects.

The news about the sleeping ETH whale comes after a Bitcoin hodler moved 1,128 BTC after a 10-year period. This whale paid less than $200 per BTC back in 2013. With today’s BTC price, this whale is a multimillionaire.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.