An address tied to the Ethereum ICO has transferred 3,510.42 MKR, worth roughly $4.41 million, to a new address after remaining dormant for seven years. The tokens had been received by the address between 2018 and 2019, according to on-chain monitoring tool Ai Yi. The move has drawn attention from the crypto community as the destination of the funds remains unclear.
An address linked to the Ethereum ICO has moved 3,510.42 MKR to a new address after seven years of dormancy, according to on-chain monitoring tool Ai Yi (@ai_9684xtpa).
The tokens are valued at approximately $4.41 million. On-chain data shows the MKR was transferred into the address between 2018 and 2019, meaning the stash had sat untouched for years before this week's activity.
The destination address and the intent behind the transfer have not been disclosed. Community watchers are keeping an eye on whether further movement follows.
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