Ethereum ICO whale moves $23 million in ETH after 10-year dormancy
The Block
An original Ethereum ICO participant transferred 10,000 ETH worth $23 million to a new wallet after a decade of inactivity.Summary
An Ethereum investor who participated in the 2015 ICO has moved 10,000 ETH, valued at approximately $23.1 million, to a new wallet after 10 years of dormancy. Data from Etherscan and Lookonchain confirms the move, noting that the initial investment of $3,100 has seen a 7,465-fold increase in value. While the intent remains unclear, such activity is often a precursor to selling assets during market volatility.
(Source：The Block)