BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Sponsored
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Sponsored
Home Ethereum

Long-Dormant Ethereum Wallet Holding 2,365 ETH from ICO Era Springs to Life

by Dan K
Apr 24, 2023 - 12:30 pm
in Ethereum
A graph depicting the rise in staked Ethereum on ETH 2.0 despite a drop in the number of Ethereum addresses.

Table of Contents

    • The owner of a dormant ethereum wallet that received 2,365 ETH during the token’s initial coin offering (ICO) has just transferred 1 ETH to a new address, on-chain data shows.
  • Wallet Owner Initiates a Transaction
  • The Surging Value of ETH
  • Ethereum’s Transition to Proof-of-Stake
  • ETH Price Performance
  • Conclusion

The owner of a dormant ethereum wallet that received 2,365 ETH during the token’s initial coin offering (ICO) has just transferred 1 ETH to a new address, on-chain data shows.

Wallet Owner Initiates a Transaction

According to on-chain data released by the blockchain analytics platform, Lookonchain, an Ethereum wallet that has been dormant since the initial coin offering (ICO) event of the world’s largest smart contracts network over seven years ago, has come alive again.

Per Lookonchain’s tweet, the wallet owner, which received 2,365 ETH during the ICO, has just sent 1ETH to a new wallet address.

The Surging Value of ETH

The tokens were valued at roughly $0.31 each when the wallet owner participated in the ICO. However, the price of ether has skyrocketed since then, giving the 2,365 ETH a value of over $4 million at current prices.

Ethereum’s Transition to Proof-of-Stake

Ethereum finally transitioned to the proof-of-stake (PoS) consensus mechanism via the much-anticipated Shanghai hard fork on April 12, ushering in renewed investor confidence and bullish momentum.

ETH Price Performance

The price of ether (ETH) is up by a decent 5.7% in the 30-day timeframe. The ETH price hit a high of $2,126 on April 17. However, the asset has dumped slightly since that time, exchanging hands for $1,847 at the time of writing. Despite its recent gains, ETH is still down by more than 61% since its all-time high of $4,878.26 reached in Nov. 2021, according to CoinGecko.

Conclusion

The awakening of this long-dormant Ethereum wallet holding a significant amount of ETH from the ICO era has sparked intrigue within the cryptocurrency community. The recent transfer of 1 ETH to a new address might signal that the owner is preparing for potential further transactions or simply keeping up with the evolving Ethereum ecosystem. With Ethereum’s transition to the proof-of-stake consensus mechanism and the ongoing market fluctuations, it remains to be seen how the owner will manage their cryptocurrency holdings and what impact this activity may have on the broader Ethereum market.

Tags: EthereumICO
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Roger Ver, known as Bitcoin Jesus, speaking on a podcast about Ethereum leading global crypto adoption.

Ethereum to Lead Global Crypto Adoption, Claims ‘Bitcoin Jesus’ Roger Ver

May 31, 2023

Roger Ver, Bitcoin Cash advocate, predicts Ethereum, not Bitcoin, will ignite the global adoption of cryptocurrency, despite its...

A chart illustrating a spike in Ethereum sent to the burn address by KuCoin in September 2021.

KuCoin’s Alleged Multimillion-Dollar Ethereum Burn Raises Questions

May 30, 2023

KuCoin, a crypto exchange, reportedly burned tens of millions of dollars' worth of Ethereum in 2021. The reasons...

A graph illustrating the transfer of 8,000 ETH from an old dormant Ethereum wallet to a new wallet.

Dormant Ethereum Wallet Springs to Life after Eight Years, Moving $14.7 Million Worth of Ether

May 29, 2023

An Ethereum wallet, inactive since the ICO in 2015, awakens after eight years and transfers a total of...

Roger Ver, known as Bitcoin Jesus, speaking on a podcast about Ethereum leading global crypto adoption.

Dramatic Shift in Crypto Market as Ethereum Exchange Balance Hits 5-Year Low

May 26, 2023

Ethereum's supply on exchanges reaches a record 5-year low due to major events like the FTX crisis and...

Press Releases

pulse x

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse x

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse x

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

pulse x

Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here. A Platform for Worldwide Leaders to Discuss the Latest Web3 and Blockchain Trends

May 8, 2023

Join Hong Kong Web3 Festival 2023, the largest-ever digital asset event, co-hosted by Wanxiang Blockchain Labs and HashKey Group.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise