In a delightful twist of fate, a once-dormant titan of Ethereum (ETH) has emerged from the shadows, like a long-lost sock from the dryer, clutching a staggering 76,000 ETH amassed during the 2015 ICO. After three years of radio silence, this crypto leviathan has decided to grace us with its presence once more.
Just an hour ago, the wallet linked to the original ICO address “0xD612” executed a grand gesture, sending forth 6,000 ETH — a princely sum of approximately $9.55 million at the time. But wait, there’s more! A mere 45 minutes later, 3,000 ETH, worth about $4.78 million, waltzed from the new address to a well-known Kraken deposit address, hinting at a potential sell-off. Oh, the drama! 🎭
According to the blockchain, this whale, who bought ETH at the ICO price of a mere $0.31, is now basking in a return of over 500,000% at the current market price of $1,590. However, the ETH/USD market has been on a downward spiral lately, with Ethereum plummeting from a dizzying height of $4,000 to below $1,600. Speculation abounds that long-term holders are preparing to cash out, perhaps to fund their next extravagant vacation. 🏖️
The remaining 3,000 ETH from the initial transfer is still nestled in the address “0x4796,” leaving us all on the edge of our seats, eagerly anticipating more sales in the coming hours or days. So far, the crypto world has been as quiet as a library, but eyes are glued to the address, waiting for the next thrilling chapter to unfold.
This latest escapade is just one in a series of reactivations by early Ethereum participants as the market conditions shift like a chameleon on a rainbow. Whether this signals a broader distribution from ICO-era wallets remains to be seen, but such movements often precede pivotal shifts in market sentiment — especially when they involve high-volume, centralized exchange interactions. Buckle up, folks! 🚀
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2025-04-17 18:27