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Ethereum ICO Participant Awakens After Nearly Three Years, Deposits $4.86 Million in ETH
ICO Participant Resurfaces
An Ethereum (ETH) initial coin offering (ICO) participant recently emerged from a three-year dormancy, depositing 1,555 ETH worth $4.86 million into Coinbase on Sunday, as reported by Lookonchain.
Staggering Increase in Value
The Ethereum wallet in question received 6,292 ETH during the 2014 ICO, which was valued at $1,951 at the time. This amount has now surged to more than $20.15 million, showcasing a remarkable increase of 1,032,703%.
Whale Movements in the Market
A significant whale, previously holding 398,891 ETH worth $1.28 billion, recently sold 46,853 ETH for 138.8 million USDC since November 7th. The average selling price was $2,920, according to Lookonchain. On the other hand, some whales are actively accumulating Ethereum.
Recent ETH Transactions
Lookonchain also noted the withdrawal of 12,499 ETH worth $40 million from Binance by four new wallets on Sunday. Ethereum is currently trading at $3,316, experiencing an increase of over 3.5% in the past day and more than 37% in the past week.
Despite these recent gains, Ethereum remains over 32% down from its all-time high of $4,878 set in November 2021.
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Disclaimer:
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
