The wallet address '0x42D3' has transferred 0.01 ETH to test after more than a decade of inactivity; this address once bought into the ICO with 49 USD and holds 158 ETH, with a current value of approximately 694,000 USD, a profit of 14,177x.
Information recorded on August 29 indicates that an early ICO investor has resumed activity with a small amount of ETH to test, revealing extremely high profitability from the initial transaction.
MAIN CONTENT
The wallet '0x42D3' invested 49 USD in the ICO and currently holds 158 ETH.
This wallet just transferred 0.01 ETH to test after more than a decade of dormancy.
The current value is approximately 694,000 USD, corresponding to a profit of 14,177x.
What happened to the wallet address '0x42D3'?
Short answer: This address, which participated in an ICO over a decade ago, just sent 0.01 ETH to test wallet activity.
Analysis: According to the report on August 29, after a long period without transactions, the wallet owner made a very small test transaction of 0.01 ETH (for the purpose of checking connection or transfer). Such behavior often indicates that the owner is reviewing the balance or preparing for subsequent moves.
How profitable is this compared to the initial investment?
Short answer: The initial investment of 49 USD has turned into 158 ETH, with a current value of approximately 694,000 USD, equivalent to a profit of 14,177x.
Analysis: Data shows that the ICO investor received 158 ETH from an initial contribution of 49 USD; at the current price, this total value is approximately 694,000 USD. The profit figure of 14,177x reflects the enormous price increase of the asset, especially with large holdings extended over many years.
What does the sudden activity of a long-dormant wallet mean for the cryptocurrency market?
Short answer: Small transactions from recently awakened wallets often suggest checking, reallocating assets, or gradual selling; market impact depends on the scale and subsequent moves by the wallet owner.
Analysis: A test transaction of 0.01 ETH rarely has an immediate impact, but if the wallet owner decides to transfer or sell all 158 ETH, it could create significant selling pressure. Investors and analysts often track historical ICO wallets to assess the risk of large supplies leaving the market.
How can investors track long-dormant ICO wallets?
Short answer: Use blockchain tracking tools to monitor transactions, balances, and specific wallet activities.
Analysis: Many blockchain tracking platforms provide alerts when wallets with large histories become active again; professional investors often set alerts for significant fluctuations to timely assess impacts on price and liquidity.
What are the risks when large ICO wallets become active again?
Short answer: The main risks include selling pressure that reduces short-term prices, liquidity risk, and market sentiment volatility.
Analysis: If the wallet owner transfers a large amount to an exchange for sale, a sudden increase in supply could trigger a sell-off. Simultaneously, such information could trigger reactions from automated traders and retail investors, increasing price volatility.
Frequently Asked Questions
How much did address '0x42D3' invest in the initial ICO?
According to the report, the initial investment was 49 USD and exchanged for 158 ETH during the ICO.
How much ETH did this wallet just transfer to test?
The wallet owner has transferred 0.01 ETH to test after more than a decade of inactivity.
What is the current value of 158 ETH?
According to recorded content, 158 ETH is valued at approximately 694,000 USD at the time of reporting.
How many times is the profit compared to the initial capital?
The profit stated in the report is 14,177x compared to the initial investment of 49 USD.
Source: https://tintucbitcoin.com/ico-ethereum-gui-001-eth-loi-14-177x/
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