A massive ethereum whale, which had been dormant for three years, spent 145,000 ether to purchase the token sale. This was a transaction that represented just over $276million using today’s ethereum exchange rate.

onchain indicated that a whale participating in the Ethereum Genesis ICO had moved 145,000 ETH from various addresses. According to current Ethereum exchange rates, the funds were worth $276 millions. This was the first time that Genesis ICO participants spent coins since 2019, when 5,000 ETH left the whale’s pocket. The address holds 0.1177 Ethereum currently worth $22,4 at the time of writing.

On Sunday, the transfers were sent in several batches, including 5,000 EETH, 10,000 EETH and 20,000 EETH increments. At 12:18 AM (UTC), the whale sent the final 10,000 ETH transfers. After receiving the final 10,000 ether, the wallet owner also transferred 918.89 Canto utility token (CANTO). The wallet currently holds $26,770 in ERC20 tokens. Statistics also show this. The majority of the ERC20 token value (26,439) is stored in omisego.

Enjin-crafted ” protocol of quick response” non-fungible token (NFT), is also available at the address. It’s worth 0.02 Ethereum, or $38. The whale sent out 145,000 ETH before ether exchanged for $220 per coin. The USD value of the July 2019 transaction was $1.1 million. The Sunday 145,000 Ethereum transaction was sent to nine distinct blockchain addresses.

The 145,000 ethereum stashes have not been used by any of the nine addresses. Some addresses still hold the CANTO token sent from the original address. It is important to note that “spent” refers to the transfer of or ETH from an address to another. It is impossible to determine if the coins were sold or meant to be sold on the open market.

The so-called “sleeping cryptocurrency” wakes up every day, even though it has been inactive for three years. The blockchain parser, btcparser.com , caught 41.55 Bitcoin that was derived from 11 year ago or June 19, 2011. When they were spent, BTC block elevation 748,851 was when the bitcoins woke up. The emergence of’sleeping cryptocurrency’ is a constant concern for blockchain parsers. The aforementioned ETH whale, however, is much larger than the old Bitcoiner who transferred 41 BTC starting in 2011.


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Angie Byrd