Ethereum ICO Participant Transfers 69878 ETH After Six Years
An address that acquired 69400 ETH during the 2015 initial coin offering moved its holdings four hours ago. The 69878 ETH was sent to three new wallets at a current value of $157 million. The same amount was originally purchased for $21600 at an ICO price of $0.311 per ETH.
dailyhodl.comFour hours ago the address moved 69878 ETH, currently valued at $157 million, to three newly created wallets. The transfer represents one of the earliest large accumulations from the project's initial coin offering phase. At the time of purchase the ETH was acquired at $0.311 each, for a total cost of $21600.
The holdings have since appreciated to $156 million according to current market prices reported by @EmberCN.
The entire balance was consolidated and sent in a single set of transactions to the three new addresses. Blockchain records show no activity from the original wallet for the past six years prior to this movement. The report from @EmberCN did not specify any further actions or statements connected to the transfers.
The price of ETH at the time of the original ICO was $0.311. The current market value reflects an increase of more than 7200 times the initial investment cost for that address.
Key Facts
Story Timeline
3 events- 4 hours ago
Dormant address transferred 69878 ETH to three new wallets.
1 source@EmberCN - 6 years ago
Address last showed activity before entering dormancy.
1 source@EmberCN - 2015
Address acquired 69400 ETH at ICO price of $0.311.
1 source@EmberCN
Potential Impact
- 01
Three new wallets now hold the previously dormant ETH balance.
- 02
The transfer highlights continued activity from 2015 Ethereum ICO participants.
- 03
The large movement of long-dormant ETH may increase sell-side pressure in spot markets.
Transparency Panel
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