Odaily Planet Daily reported that on-chain analyst Ember flagged a whale address that joined the Ethereum ICO in 2015 at $0.311 per ETH. According to Ember's monitoring, the whale moved its entire 2,000 ETH position to Coinbase about four hours before the report was published. The deposit is valued at roughly $3.77 million. At the ICO price, 2,000 ETH would have cost $622 — matching the initial outlay cited in the report. Over an 11-year holding period, that $622 stake grew to $3.77 million, a gain of approximately 6,060 times. Ember's on-chain tracking, cited by Odaily, confirmed the funds were sent to Coinbase in full. The report disclosed no further details about the address's other holdings or the reason for the transfer. The case stands out for its long holding period: the whale held the position since Ethereum's ICO era, roughly a decade ago, before finally moving the funds to an exchange.
An Ethereum ICO participant just moved a decade-long position in one go. On-chain analyst Ember, cited by Odaily Planet Daily, tracked a whale that took part in Ethereum's 2015 token sale at $0.311 per ETH and sent all 2,000 ETH it held to Coinbase roughly four hours before the report published.
The initial cost of that stake was just $622. At the reported valuation of $3.77 million, it marks a 6,060x return over 11 years.
Ember's data shows the entire balance was transferred in the move. Odaily's report gave no further details on the wallet's remaining assets or what prompted the deposit to the exchange.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
