Crypto
Ethereum Whale Awakens After 11-Year Slumber
A dormant Ethereum wallet that had been inactive for over 11 years has suddenly awakened and transferred $3.77 million to Coinbase.
The address, which was associated with Ethereum's early Initial Coin Offering (ICO) in 2014, had a balance of 2,000 ETH at the time.
With an initial investment cost of approximately $620 for 2,000 ETH when each ETH was priced at $0.31, this represents a staggering return on investment exceeding 600,000% over the past decade.
The transaction has sparked attention and raised questions about the true intent behind this sudden movement of funds.