The Ethereum (ETH) wallet, which has been dormant since the first token issuance in 2015, suddenly awakens and can be moved to 8000ETH. According to the shared data, all of these Ethereum tokens were transferred to different wallet addresses within two minutes
The Ethereum (ETH) wallet, which has been dormant since the first token issuance in 2015, suddenly awakens and can be moved to 8000ETH. According to the shared data, all of these Ethereum tokens were transferred to different wallet addresses within two minutes. Before transferring tokens, the owner begins to prophylactically transfer 1 Ethereum token to a new wallet. One minute later, the remaining 7999 tokens were transferred to the same address.
Lookonchain noticed the activity surrounding the previously dormant account and subsequently posted a tweet about the situation. In the evaluation section of the tweet, many speculate on the exact reason for the sudden shift. People argue that the owner has recently been released from prison, while another person mentions how the owner transferred funds from the old Ledger, which is a controversial evaluation of the new update on Ledger.
A participant in Ethereum ICO who has been silent for 8 years woke up today.
He transferred all $8000 ETH ($14.7 million) to a new address
In addition, 8000 Ethereum tokens were purchased at a price of $0.31 each, with a total initial investment of approximately $2500. At the time of writing this article, Ethereum surged by an impressive 3.35%, pushing the trading price up to $1909. Similarly, the total market value of Ethereum is currently $229 billion. Considering the current transaction price, the entire Ethereum has a hidden value of nearly $15 million. Meanwhile, this represents an unrealized income of up to 590000% for the owner.
Moreover, this is not the only wallet in the recently revived ICO era. As early as April, another wallet that received nearly 2365 Ethereum tokens made its first transaction eight years after the owner transferred 2360 Ethereum tokens to a new wallet. Similarly, in March, another wallet transferred 10226 ETH tokens after being idle for five years.
For various reasons, holding a large number of encrypted dormant wallets may become active again. In some cases, this may be the result of a hacker attack. Otherwise, this is just a rediscovery after forgetting them.
In addition, Ethereum ICO occurs at two different stages. The first stage was the pre-sale in 2014, which successfully generated an amount of $18 million. The second phase revolves around the launch of Ethereum blockchain in 2015. This indicates that many investors have to wait for a year to redeem and use their ETH tokens.
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