An address that participated in the Initial Coin Offering (ICO) of Ethereum and had been dormant for over 2,893 days, equivalent to 8 years, has just awakened and transferred 8,000 ethers from the old address to a new one. The wallet in question had never made any outgoing transactions and had only recorded 4 transactions in the address.
One of the movements was the entry of 8,000 ether coins from the Genesis block 8 years ago, which is now valued at over $14 million. Another transaction was the receipt of some Wei over 1,800 days ago, and since then it had not been touched. However, today the wallet made two movements: first, as a test, it sent 1 Ethereum to a new wallet, and then it sent 7,998.99 Ether.
The information about the movements in the wallet that participated in the initial offering of Ethereum was disclosed on the Lookonchain Twitter page, an account dedicated to monitoring addresses on the Blockchain, which recently also observed a similar event on the Ethereum network. Now, it is not known for certain what happened during all this time that the wallet remained dormant, but what can be noted is that the wallet's key holder finally decided to make a portfolio movement and transferred over $14 million worth of Ethereum after more than 2,800 days, obtaining an astronomical profit that they probably didn't expect.
Similar movements have also been observed in the Bitcoin Blockchain, where addresses of large holders of cryptocurrencies have also awakened and moved significant fortunes that had been in their addresses for a long time. These movements can indicate a possible liquidation or simply a transfer to a new "home" for these assets. After all, when you have a large amount, it is necessary to split the addresses for better asset protection.
To sum up, another dormant address from the Genesis era of Ethereum has awakened and moved 8,000 ethers, valued at over $14 million, sparking interest and speculation in the cryptocurrency community. Questions like "Is the holder planning to sell?" or "Did they simply change addresses to better protect their assets?" may never be answered, but the community is paying attention to the movements of this whale.
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