An Ethereum (ETH) tackle associated with the preliminary coin providing (ICO) in 2015 has transferred a staggering 61,216.6 ETH, equal to $116 million, to the Kraken alternate a couple of hours in the past. This transaction marks the primary motion of those funds since their acquisition eight years in the past.
supply: etherscan
The tackle in query acquired 61,216.6 ETH from the Ethereum genesis block on July 30, 2015. On the time of the ICO, the worth of those tokens was a mere $19,038, with every ETH priced at $0.311. Quick ahead to at this time, and the identical quantity of ETH is price an astounding $116 million, showcasing the great progress and adoption of Ethereum over time.
supply: etherscan
The switch of such a considerable quantity of ETH to Kraken may point out a possible big sale strain or a strategic transfer by the unique ICO participant. Nevertheless, the precise intent behind this transaction stays unknown.
It is price noting that the transactions may affect Ethereum value given the substantial quantity concerned.
Picture supply: Shutterstock
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