The Whale That Turned $353 Worth of Ethereum into $2.8 Million Activated After 10 Years!

An investor who participated in the Ethereum (ETH) ICO awoke after about 10 years and moved 1,140 ETH, which has now reached a value of exactly $2.88 million from an initial investment of $353.

The cryptocurrency market sometimes experiences interesting awakenings, and this time the incident revolves around one of Ethereum’s (ETH) early investors. An investor who took part in Ethereum’s initial public offering (ICO) reactivated their wallet that had remained inactive for about 10 years. The investor transferred the 1,140 ETH in their wallet to different addresses approximately 6 hours ago.

This investor, who participated in the ICO held in 2015 through two different wallets, had invested a total of $353 by paying only $0.31 per ETH. Thanks to the astronomical rise in ETH price over the past 10 years, the total value of their investment has increased to $2.88 million today.

A Massive Fortune Earned in 10 Years

Those who participated in Ethereum’s initial sale have virtually become millionaires today. Small investments made about 10 years ago can turn into million-dollar fortunes by sitting forgotten in wallets for long periods. This situation once again highlights the importance of long-term investment in cryptocurrencies.

Looking at the details of the transfer made by the investor, it appears that they moved all the ETH from their wallet to other addresses. Such large transfers often occur prior to sales or exchange transactions. The next steps of the investor are eagerly awaited by the cryptocurrency community.