{"id":15574,"date":"2024-07-26T10:30:59","date_gmt":"2024-07-26T07:30:59","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-worth-288-million-moves-for-the-first-time-in-seven-years\/"},"modified":"2024-07-26T10:30:59","modified_gmt":"2024-07-26T07:30:59","slug":"ethereum-worth-288-million-moves-for-the-first-time-in-seven-years","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-worth-288-million-moves-for-the-first-time-in-seven-years\/","title":{"rendered":"Ethereum Worth $288 Million Moves for the First Time in Seven Years"},"content":{"rendered":"<p>On July 25, an address reportedly linked to the Ethereum Foundation (EF) transferred 92,500 ETH, valued at approximately $287.7 million, after seven years of inactivity.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">?BREAKING: WALLET LINKED TO THE ETHEREUM FOUNDATION MOVES 92,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($289M) AFTER 7 YEARS<\/p>\n<p>\u2014 BSCN Headlines (@BSCNheadlines) <a href=\"https:\/\/twitter.com\/BSCNheadlines\/status\/1816504029624852569?ref_src=twsrc%5Etfw\">July 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In response to speculation about the involvement of the non-profit organization, EthHub co-founder Eric Conner stated it was likely an early contributor.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">This is not the EF<\/p>\n<p>Links back to a wallet that received a lot of ETH from the EF early on, likely an early contributor. <a href=\"https:\/\/t.co\/LCxbFa6lGP\">https:\/\/t.co\/LCxbFa6lGP<\/a><\/p>\n<p>\u2014 eric.eth (@econoar) <a href=\"https:\/\/twitter.com\/econoar\/status\/1816570273879171194?ref_src=twsrc%5Etfw\">July 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A source from <a href=\"https:\/\/www.theblock.co\/post\/307631\/mystery-surrounds-289-million-in-eth-that-moved-for-the-first-time-in-7-years\">The Block<\/a> confirmed within the Ethereum Foundation:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This is not an EF wallet.&#8221;<\/p>\n<\/blockquote>\n<p>According to <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/address\/0xe93232a5ba251E7d4A6378FC1Be81403DE561e94\">Arkham<\/a>, on September 1, 2015, the organization moved 96,474 ETH. From the new address, the funds were sent seven years ago to an unmarked wallet, which remained largely inactive during this time.<\/p>\n<p>Conner believes the 2015 transaction was the initial transfer of EF assets to an investor. There were many such operations at the time, he added.<\/p>\n<p>Comments noted that ETH was priced at $1.35 then, and the total amount slightly exceeded $100,000.<\/p>\n<p>In July, Ethereum prices fell below $3,200 amid ETF outflows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 25, an address reportedly linked to the Ethereum Foundation (EF) transferred 92,500 ETH, valued at approximately $287.7 million, after seven years of inactivity. ?BREAKING: WALLET LINKED TO THE ETHEREUM FOUNDATION MOVES 92,000 $ETH ($289M) AFTER 7 YEARS \u2014 BSCN Headlines (@BSCNheadlines) July 25, 2024 In response to speculation about the involvement of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15573,"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],"class_list":["post-15574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"4","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15574","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=15574"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15573"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}