Whale Wallet That Bought ETH at $0.31 on Ethereum Wakes Up 9 Years Afterwards

Bitget App

Trade smarter

Bitget

News

Bitcoinsistemi2024/08/06 20:27

By:Mete Demiralp

A cryptocurrency wallet that participated in the ICO event held in Ethereum in 2015 woke up from its long sleep.

In an interesting development, a cryptocurrency whale woke up who participated in the Ethereum ICO 9 years ago and has shown no movement in his wallet since then.

The cryptocurrency whale in question obtained 500 ETH from the Ethereum ICO event he attended 9 years ago and paid a fee of $155. In the ICO program, the ETH price was set at $0.31. On the other hand, the current value of the wallet's assets is around 1.25 million dollars.

The awakened cryptocurrency whale sent only 0.1 ETH to a new address. There are claims that this may be a test transfer.

Related News Will the FED Make a "Hard Landing" After the Latest Employment Report? Experts, Including Former Fed Governors, Answer

ETH price has recently experienced a severe decline along with all other cryptocurrencies. It is claimed that one of the important reasons for the decline is that the cryptocurrency company Jump Crypto sold large amounts of ETH and SOL.

ETH price is trading at $2,529 at the time of this writing and has lost 23% of its value in the last seven days. On the other hand, weekly losses for BTC remained at 14%.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit•2025/11/28 16:26

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit•2025/11/28 16:26