Ethereum ICO Whale Awakens: Moves 5 ETH to Kraken After 8,530x Value Surge

According to COINOTAG on September 25, Ember’s monitoring revealed notable activity from an address dormant since the Ethereum Initial Coin Offering (ICO) in 2015. This address initially acquired 2,000 ETH at the ICO price of $0.311 per Ether. Remarkably, the address became active just four hours ago, conducting a preliminary transfer of 5 ETH to Kraken for testing purposes. At the time of the ICO, the 2,000 ETH investment was valued at only $622. Today, that same amount of ETH holds a staggering value of $5.3 million, showcasing an extraordinary appreciation of 8,530 times. This incident underscores the significant growth potential and long-term value inherent in early cryptocurrency investments.