Ethereum Whale Transfers 2,000 ETH After Decade-Long Hold
The post Ethereum Whale Transfers 2,000 ETH After Decade-Long Hold appeared on BitcoinEthereumNews.com. An address beginning with 0x158 moved nearly 2,000 ETH after more than 10 years. Arkham data showed the ETH was bought during Ethereum’s 2014 presale at about $0.31 per coin. Ethereum’s 2014 token sale ran from July 22 to September 2, with ETH priced around $0.31. A long-dormant Ethereum presale wallet moved nearly 2,000 ETH after holding the coins for more than a decade, turning one of Ethereum’s earliest purchases into a multimillion-dollar position. Arkham monitoring showed that the address, starting with 0x158, bought the ETH during the 2014 Ethereum presale at about $0.31 per token. At current prices, the transfer was worth around $4.2 million, compared with an original cost of roughly $620. Presale Wallet Moves After 10 Years Data showed the old wallet moved 1,998 ETH to another address, followed by two smaller 1 ETH transfers. The larger transfer was valued at about $4.22 mill