Ethereum ICO investor transferred 1 ETH after 7.5 years of dormancy.
The participant’s tokens are now worth $4.42 million at current prices.
Ethereum’s DeFi ecosystem and market cap continue to expand.
In a surprising move, an Ethereum ICO participant recently awoken from a seven-and-a-half-year dormancy to transfer one ETH to a new address. According to a Lookonchain tweet, the investor had received 2,365 ETH during the Ethereum Genesis ICO.
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
The tweet further purports that the address acquired the ETH tokens at approximately $0.31 during the Ethereum ICO. However, the participant has gained a significant windfall, with their tokens worth a staggering $4.42 million at current prices.
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