A long-lost Ethereum (ETH) wallet has come back to life, sending over $773,000 worth of ETH to Coinbase, the largest US crypto exchange.
Pre-Mine Surprise
The wallet, created before Ethereum’s public launch, had been dormant for over 8.5 years. When it awoke, it sent a single ETH to Coinbase, followed by a whopping 237.748 ETH.
Whale’s Windfall
The whale received its ETH at the initial coin offering (ICO) price of $0.31. With ETH now trading at $3,249, their investment has grown by an incredible 1,047,960%.
Other Whale Movements
Whale Alert has also reported other significant ETH transactions:
- 8,426 ETH ($27.2 million) from Binance to an unknown wallet
- 14,933 ETH ($48.2 million) from Binance to an unknown wallet
- 23,361 ETH ($75.1 million) from an unknown wallet to Binance
Market Reaction
ETH has risen by over 2% in the past 24 hours, possibly influenced by the whale’s activity.
