An Ether wallet that has its roots in the Ethereum ICO era has just removed 8,000 ETH — worth $14.7 million — after 8 years of dormancy. The question is why?
At the time, the 8,000 ETH was purchased at a price of just $0.31 per token, which places the initial investment amount at around $2,500.This isn’t the only ICO-era Ether wallet to re-awaken in recent months. On April 24, another
which received 2,365 ETH made its first transaction in nearly 8 years, after the owner transferred just 2,360 ETH to a new wallet address.transferred 10,226 ETH out to new wallet address after remaining dormant for five years. The new wallet address is also one with little in the way of any significant transaction history. The only other ETH transaction recorded in the new wallet is a 207 ETH incoming transaction that was made just a few minutes prior to the most recent transfer. Notably, the additional 207 ETH were sent from another
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