Ethereum Wallet Springs To Life After 8 Years, Netting Mind-Boggling 590,000% Gains
Portfolio Pulse from Mehab Qureshi
An Ethereum wallet that received 8,000 ETH during the 2015 ICO has awoken after eight years of dormancy, transferring its contents worth $14.7 million. This marks a 590,000% gain for the wallet owner.
May 29, 2023 | 11:27 am
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An Ethereum wallet holding 8,000 ETH from the 2015 ICO has awoken after eight years, transferring its contents worth $14.7 million.
The awakening of the dormant Ethereum wallet and the transfer of its contents may generate some buzz in the crypto community, but it is unlikely to have a significant short-term impact on the price of ETHUSD. The wallet owner's actions may be seen as a personal decision and not indicative of broader market trends.
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