One of the Ethereum ICO participants made the first transaction in 7,7 years

He received 2365 ETH in July 2015, when the value of the asset was $0,31

24.04.2023 - 09:20

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3 min

What’s new? On April 24, an unknown participant in the initial coin offering (ICO) of the Ethereum blockchain made the first transaction after almost eight years of inactivity. He transferred 1 ETH ($1835 at the Binance exchange rate as of 09:00 UTC) to a new address. In July 2015, the wallet received 2365 ETH ($4,36 million) in the ICO when the asset was worth $0,31, blockchain analysts at Lookonchain report.

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

What happened before? On February 23, the address of another Ethereum ICO participant woke up after three years of inactivity and made a transaction worth 5055 ETH (more than $8,3 million at the time). On March 6, an unknown address, after five years of inactivity, transferred 10 266 ETH worth about $16 million, including 1322 ETH to the Poloniex exchange. On April 21, an unknown wallet transferred 34 043 ETH worth $66,28 million to the Binance trading platform.

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The asset has lost 2,15% in the last 24 hours and 13,2% in a week, according to aggregator CoinGecko. Ethereum has a market share of 18,43% and a market capitalization of $220,9 billion.

On April 13, the Shapella hard fork was activated on the Ethereum network, allowing ETH to be withdrawn from staking. On April 19, the Binance exchange provided an opportunity to unlock assets. According to Token Unlocks at the time of writing the news, there are 856 430 coins worth $1,57 billion in the total queue for withdrawal from all platforms, with 243 640 ETH worth $448,81 million to be unlocked over the next 11 hours. Excluding staking fees, 17,4 million coins worth $32,15 billion are locked into the contract, representing 14,87% of the asset’s supply.

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