An investor who bought Ethereum during its initial coin offering (ICO) in 2015 appears to be selling some of their holdings. On-chain analyst @ai_9684xtpa identified a wallet that remained inactive for two years before transferring 10,000 ETH (worth $35.39 million) over the past three days. The original purchase in July 2015 included 150,000 ETH at a very low ETH price (around $0.31 each). These coins were then spread across different addresses. Recently, the address 0xF07...9d526 has been linked to several deposits of 10,000 ETH tokens to the Kraken exchange, with the latest one happening just a few hours ago.
This event shows the potential significance of long-term cryptocurrency investments, as well as the role of initial coin offerings (ICOs) in molding Ethereum's early adopters. The revival of activity from previously dormant wallets demonstrates the continual growth of the bitcoin industry and its players' strategies. Cryptocurrency aficionados and investors alike are keenly tracking such moves, taking into account the consequences for market trends and investor mood.
The investor still holds a significant amount (75,000 ETH) across five addresses, with a potential profit exceeding $257 million.
