{"id":15713,"date":"2024-07-31T12:03:24","date_gmt":"2024-07-31T09:03:24","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-ico-participant-moves-2000-eth-for-the-first-time\/"},"modified":"2024-07-31T12:03:24","modified_gmt":"2024-07-31T09:03:24","slug":"ethereum-ico-participant-moves-2000-eth-for-the-first-time","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-ico-participant-moves-2000-eth-for-the-first-time\/","title":{"rendered":"Ethereum ICO Participant Moves 2000 ETH for the First Time"},"content":{"rendered":"<p>On July 30, an Ethereum ICO participant moved 2000 ETH (~$6.6 million) for the first time in nine years, distributing them across two new addresses. The transactions were highlighted by Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">An <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> ICO participant woke up after 9 years of dormancy and transferred 1,111 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($3.7M) to a new wallet.<\/p>\n<p>He received 2,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($6.67M) at <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> Genesis, the <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ICO price is ~$0.31.<a href=\"https:\/\/t.co\/5RySljuw7R\">https:\/\/t.co\/5RySljuw7R<\/a> <a href=\"https:\/\/t.co\/fMoaDcmFfB\">pic.twitter.com\/fMoaDcmFfB<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1818225590207398134?ref_src=twsrc%5Etfw\">July 30, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The coins were received on July 30, 2015, when the price of the second-largest cryptocurrency by market capitalization was approximately $0.31. This is over 10,000 times lower than the current rates.<\/p>\n<p>The user initially made two likely test transfers of 1 ETH each. This was followed by transactions of 10, 100, 1000, and ~738 ETH to one of the new addresses, as well as 100 and 50 ETH to another.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cHe finally found the seed phrase,\u201d users jokingly commented.<\/p>\n<\/blockquote>\n<p>In April, another Ethereum ICO participant <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-ico-participant-transfers-1069-eth-to-kraken\">transferred 1069 ETH<\/a> to the Kraken exchange. The asset&#8217;s price at that time was roughly equivalent to the current rate, with the coins valued at ~$3.56 million.<\/p>\n<p>In January, a wallet dormant since the initial distribution of the asset <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-ethereum-ico-address-awakens-after-eight-years\">sent<\/a> a test transaction of 0.01 ETH. Four days later, the user transferred the entire sum of ~200 ETH.<\/p>\n<p>In July 2023, another ICO participant moved 641 ETH for the first time. The coins were valued at $1.2 million at that time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 30, an Ethereum ICO participant moved 2000 ETH (~$6.6 million) for the first time in nine years, distributing them across two new addresses. The transactions were highlighted by Lookonchain. An #Ethereum ICO participant woke up after 9 years of dormancy and transferred 1,111 $ETH($3.7M) to a new wallet. He received 2,000 $ETH($6.67M) at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15712,"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-15713","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":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15713","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=15713"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15712"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}