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Dormant $15 million wallet from Ethereum ICO wakes up after eight years

From theblock.co

A dormant wallet that purchased 8,000 ether ($14.8 million) in the Ethereum ICO in 2015 has woken up and transferred its funds to another address. The wallet first made a test transaction with 1 ether ($1,845) before sending the remaining 7,999 ether to the address, as noticed by on-chain analysts Lookonchain. When the owner participated in the Ethereum ICO, or initial coin offering, the funds were purchased for around $0.31 per token, or just shy of $2,500 in total. That means the owner is sitting on a 591,900% return on investment at current prices. The funds have been moved to another wallet with limited ... (full story)

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