Based on onchain metrics, a dormant wallet containing 61,216 ether acquired during the initial coin offering (ICO) has recently transferred the cryptocurrency after lying idle for a span of eight years. The funds have reportedly been sent to the crypto exchange, Kraken. This occurrence marks the fourth instance of activated ETH ICO tokens this year, with a substantial amount of nearly 80,000 dormant ether awakening and becoming active in 2023.
Ethereum ICO Whale Moves $116 Million in Ether After 8 Years of Slumber
Whale Alert, a blockchain parser, alerted the community on July 18, 2023, about the awakening of 61,216 ether following an eight-year period of inactivity. Lookonchain, onchain market observers, also tweeted regarding the transaction, highlighting that the user paid approximately $0.31 per ether. The Ethereum initial coin offering (ICO) occurred from late July 2014 to the first week of September in the same year.
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