Ethereum ICO account that bought ETH at $0.31 wakes up after 7 years

• Ethereum (ETH) ICO price was $0.31 when the address received coins on 30 July 2015.
• The addresses’ wealth has jumped from $733 to over $4.4 million at the time of the single transaction on 23 April 2023.
• Last week a Satoshi era wallet woke up after over 10 years.

An Ethereum wallet that participated in the coin’s initial coin offering (ICO) has transacted for the first time, on-chain data shows.

The address received 2,365 ETH on 30 July 2015 and remained dormant until Sunday, 23 April 2023 when it transferred 1 ETH. The address received the ETH at block 0 and transferred the single ETH at prices of $1,868 at block 17110898.

With the ICO price having been $0.31 in 2015, the wallet‘s wealth has grown from around $733 to over $4.4 million.

“An Ethereum ICO participant woke up after 7.7 years of dormancy and transferred 1 $ETH to a new address. He received 2,365 $ETH ($4.42M currently) at Ethereum Genesis, the ETH ICO price [was] ~$0.31,” on-chain data tracker Lookonchain& tweeted.

An Ethereum ICO participant woke up after 7.7 years of dormancy and transferred 1 $ETH to a new address.

He received 2,365 $ETH($4.42M currently) at Ethereum Genesis, the ETH ICO price is ~$0.31.https://t.co/hOfBSyml19 pic.twitter.com/yoMoB6vE9n

— Lookonchain (@lookonchain) April 24, 2023

Ethereum price traded at an all-time above $4,800 in 2021 and hit year-to-date highs above $2,100 this month after the Shapella upgrade.

Bitcoin wallet woke up after 10 years

Last week another mega-dormant wallet address woke up, this time a Satoshi era Bitcoin wallet address that remained inactive for over 10 years.&

As highlighted by CoinJournal, the wallet was created in 2012 and held 1,128 BTC for over 10 years. On 21 April 2023, the wallet transferred 279 BTC worth about $7.8 million to three new addresses.&

Bitcoin price at the time of the wallet’s creation 10+years ago was between $12 and $95.

The post Ethereum ICO account that bought ETH at $0.31 wakes up after 7 years appeared first on CoinJournal.

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