As a researcher with years of experience in the dynamic world of blockchain and cryptocurrencies, I find this recent activity by long-dormant Ethereum ICO participants fascinating. It’s like watching a phoenix rise from the ashes, but instead of flames, it’s the potential profit from an initial coin offering that took place almost seven years ago!
As reported by blockchain analysis platform Lookonchain, a previously inactive Ethereum (ETH) account has come back to life after nearly a decade, transferring approximately 5 ETH or around $13,000 worth of ETH to the Kraken digital currency exchange.
This specific participant in the initial coin offering (ICO) received a total of 2,000 ETH for $620.
The Ethereum ICO, which took place between late July and early September 2014, secured a total of $18 million worth of funding. The Ethereum blockchain ended up going live in July 2015.
Previously this year, a participant in an Initial Coin Offering (ICO) deposited over 9 million dollars’ worth of Ethereum (ETH) into the Kraken platform following a prolonged period of inactivity.
At present, a single unit of Ether is being exchanged for approximately $2,625, as indicated by information from CoinGecko. Notably, the cost of this second-largest digital currency has dropped by 1% over the past period.
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2024-09-25 11:56