Ethereum ICO Wallet Awakens After 10 Years
An old wallet that participated in the initial coin offering (ICO) of Ethereum in 2015 was used for the first time in 10 years, with only 0.002 ETH being transferred from it.
The wallet had received 2000 ETH for $620, and today it is valued at over $5 million.
This simple move has sparked the interest of traders and analysts, fearing it could affect market sentiment and lead to price volatility.
There are no official statements from the Ethereum team, but the community is watching for additional moves that could lead to large sell-offs.
Similar moves in the past have caused short-term volatility, but they did not affect the intrinsic value of the currency
CoinMarketCap
