{"id":10866,"date":"2024-02-21T09:44:54","date_gmt":"2024-02-21T07:44:54","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-whale-moves-5-15-million-after-8-5-years-of-inactivity\/"},"modified":"2024-02-21T09:44:54","modified_gmt":"2024-02-21T07:44:54","slug":"ethereum-whale-moves-5-15-million-after-8-5-years-of-inactivity","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-whale-moves-5-15-million-after-8-5-years-of-inactivity\/","title":{"rendered":"Ethereum Whale Moves $5.15 Million After 8.5 Years of Inactivity"},"content":{"rendered":"<p>An unidentified user transferred 1,732 ETH (~$5.15 million) to the Kraken exchange after 8.5 years of inactivity, as noted by researchers at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">After the price of <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> surpassed $3,000, an <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> ICO participant woke up after 8.6 years of dormancy and deposited 1,732 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($5.15M) to <a href=\"https:\/\/twitter.com\/hashtag\/Kraken?src=hash&#038;ref_src=twsrc%5Etfw\">#Kraken<\/a>.<\/p>\n<p>He received 3,465 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($10.3M) at <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> Genesis, the ETH ICO price is ~$0.31.<a href=\"https:\/\/t.co\/K6xOHILdne\">https:\/\/t.co\/K6xOHILdne<\/a> <a href=\"https:\/\/t.co\/o50JKxXxzP\">pic.twitter.com\/o50JKxXxzP<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1759946604466126944?ref_src=twsrc%5Etfw\">February 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to on-chain data, the address received 3,465 ETH (~$10.3 million) during the Ethereum Genesis ICO at a price of $0.31.<\/p>\n<p>The <a href=\"https:\/\/etherscan.io\/address\/0xe20bb9f3966419e14bbbaaaa6789e92496cfa479\">wallet<\/a> still holds 1,733 ETH, valued at just over $5 million.<\/p>\n<p>On February 20, Lookonchain experts also observed that Galaxy Digital withdrew 26,000 ETH (~$76.2 million) from the Binance exchange.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">On-chain data shows that <a href=\"https:\/\/twitter.com\/hashtag\/GalaxyDigital?src=hash&#038;ref_src=twsrc%5Etfw\">#GalaxyDigital<\/a> withdrew 26K <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($76.2M) from <a href=\"https:\/\/twitter.com\/hashtag\/CoinbasePrime?src=hash&#038;ref_src=twsrc%5Etfw\">#CoinbasePrime<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> in the past 12 hours.<a href=\"https:\/\/t.co\/oPJdrwWcwS\">https:\/\/t.co\/oPJdrwWcwS<\/a> <a href=\"https:\/\/t.co\/b80Lr2DqzM\">pic.twitter.com\/b80Lr2DqzM<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1759813023861260795?ref_src=twsrc%5Etfw\">February 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time of writing, the second-largest cryptocurrency by market capitalization is trading at $2,976, having gained 1.5% in the past 24 hours. The coin&#8217;s market capitalization stands at $357 billion, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/QubnFwYZDMbcSCIDcWVHj430fXmVeD2GmJiSucdi0BFcWALsX9hOwavN-wh3mYLWp3lNhaAMDE4HNq8VxM0KJKQ4UVIrJPPjVB2k_VdexUGuNEfjiPC4W3I3QZgybE7nCQ7UL8DsOCAZvJE_MOJnbX8\" alt=\"Ethereum Whale Moves $5.15 Million After 8.5 Years of Inactivity\"\/><figcaption class=\"wp-element-caption\">15-minute ETH\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Previously, the owner of an Ethereum ICO address with 492 ETH (~$1.14 million at the time of transfer) <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-address-springs-to-life-8-5-years-post-ico\">made<\/a> their first transactions in 8.5 years.<\/p>\n<p>In March 2023, an address dormant for over five years moved 10,266 ETH. Part of the funds was transferred to the Poloniex exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unidentified user transferred 1,732 ETH (~$5.15 million) to the Kraken exchange after 8.5 years of inactivity, as noted by researchers at Lookonchain. After the price of $ETH surpassed $3,000, an #Ethereum ICO participant woke up after 8.6 years of dormancy and deposited 1,732 $ETH($5.15M) to #Kraken. He received 3,465 $ETH($10.3M) at #Ethereum Genesis, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,46,1156],"class_list":["post-10866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-ethereum","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10866"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10865"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}