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Ethereum was the First Love: Whale in the Headlines with a Scary Transaction After 9 Years! - Coin Bulletin
The Ethereum whale, patiently waiting for about 10 years, caught the attention of on-chain radars with its new transaction.
According to Lookonchain data, an interesting transaction occurred in the cryptocurrency market. An investor who participated in Ethereum's 2014 initial coin offering (ICO) has made a new transaction after a period of 9.4 years of inactivity.
According to on-chain data, the wallet owner who has not transacted for a long time transferred 0.01 ETH from their current wallet to a new wallet. The investor in question received 1,940 ETH in the initial supply of Ethereum and paid only $601 in return.
At today's prices, the value of this amount reaches approximately $6.56 million.
Experts interpreted the activation of these long-term inactive wallets as investors' efforts to evaluate or restructure their past investments. In addition, such transactions are closely monitored in terms of their potential effects on the market. Please provide the text to be translated According to CoinGecko data, Ethereum, which experienced a %1 drop in the last 24 hours, is currently trading at $3,389.