{"id":65840,"date":"2022-08-15T16:44:49","date_gmt":"2022-08-15T13:44:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65840"},"modified":"2025-09-06T22:11:48","modified_gmt":"2025-09-06T19:11:48","slug":"ethereum-kit-moves-145000-eth-acquired-during-the-ico","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-kit-moves-145000-eth-acquired-during-the-ico\/","title":{"rendered":"Ethereum-kit moves 145,000 ETH acquired during the ICO"},"content":{"rendered":"<p>An unknown participant in the Ethereum Genesis <span data-descr=\"Initial Coin Offering\" class=\"old_tooltip\">ICO<\/span> moved 145,000 ETH (~$274 million) from an address that had been idle for the past three years.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Ethereum Genesis ICO giant whale 0x4bAf012726CB5EC7Dda57Bc2770798A38100C44d is active again after nearly 3 years of dormancy. Since yesterday, a total of 145,000 ETHs have been transferred out and distributed to multiple wallets. Wallet link: <a href=\"https:\/\/t.co\/hpLujWwxWi\">https:\/\/t.co\/hpLujWwxWi<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1559009693313662978?ref_src=twsrc%5Etfw\">August 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The user distributed the funds across various wallets, sending a total of 14 transactions of 5,000, 10,000 and 20,000 ETH.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/d7uu8qyYL5LtBS0YEuSQQdKUeprwE8PkK8LOhkA4wlAw8IGO6mR8ytrUArr17xsj-pXI7mgoXEp7xNZqRxruJPZdq1tisrW-TwLWqJr2_biQBZn1Xlqft34U8EUzvDXzJG_oPL2C6z4skzHd73hhyLA\" alt=\"Ethereum-kit moved 145,000 ETH acquired during the ICO\"\/><figcaption>Source: Etherscan.<\/figcaption><\/figure>\n<p>Previous activity in the wallet dated to July 2019, when 5,000 ETH were sent to the Bitfinex3 exchange. At the time the coin traded at $219, the value of the transaction barely exceeded $1 million.<\/p>\n<p>The movement of such a large quantity of coins sparked a reaction in the community. Some speculated a major dump ahead of The Merge, which would move the Ethereum blockchain from the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-proof-of-work-pow-algorithm\">Proof-of-Work (PoW)<\/a> consensus algorithm to Proof-of-Stake (PoS).<\/p>\n<p>Other commentators believed that Ethereum-kit intends to stake the assets and earn passive income from several validator nodes in the PoS network.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Sell the news mega dump coming <a href=\"https:\/\/t.co\/EkG4BDIsVp\">pic.twitter.com\/EkG4BDIsVp<\/a><\/p>\n<p>\u2014 Trader WhiteBeard (@SHlROIHI) <a href=\"https:\/\/twitter.com\/SHlROIHI\/status\/1559010493259567105?ref_src=twsrc%5Etfw\">August 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Developers planned The Merge for <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-narrow-the-timeline-for-the-switch-to-proof-of-stake\">September 15\u201316<\/a>. They <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-approve-pos-transition-timetable-cryptocurrency-up-12\">moved up<\/a> the schedule after <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-switch-goerli-testnet-to-proof-of-stake\">a successful migration<\/a> on August 11 to the PoS testnet Goerli. This was considered the final rehearsal before activation on the mainnet.<\/p>\n<p>Analysts at CoinShares <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-deem-a-pow-ethereum-fork-unviable\">skeptical about the prospects<\/a> of a potential alternative chain.<\/p>\n<p>The ETC Cooperative <a href=\"https:\/\/u1f987.com\/en\/news\/etc-cooperative-questions-the-feasibility-of-ethereums-pow-fork\">doubted the feasibility<\/a> of the fork. However the EthereumPoW project team <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-pow-fork-supporters-call-it-inevitable\">called the fork &#8216;inevitable&#8217;<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our Telegram \u2014 crypto news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unknown participant in the Ethereum Genesis ICO moved 145,000 ETH (~$274 million) from an address that had been idle for the last three years.<\/p>\n","protected":false},"author":1,"featured_media":65841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1156],"class_list":["post-65840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65840","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=65840"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65840\/revisions"}],"predecessor-version":[{"id":65842,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65840\/revisions\/65842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65841"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}