On-chain data monitoring shows that Ethereum genesis address numbered 0x7f suddenly activated after seven years of silence, completing a large transaction of 4200 ETH worth $9.24 million to Kraken exchange. This address currently still holds 4100 ETH (about $9 million), and its on-chain asset profile indicates it participated in the 2014 Ethereum ICO, considered a crypto fossil-level account.
In-depth tracking:
Event recap: This address received 10,000 ETH in the Ethereum genesis block allocation and has only conducted sporadic transfers over eight years. This is the first time it has made a large asset transfer to an exchange, with the single transaction amount being the highest in the address's history.
On-chain characteristics: The transfer occurred when ETH was priced at $2200, coinciding with the market breaking through a key resistance level. The remaining positions are locked through a multi-signature contract, indicating a professional operation.
Historical comparison: After similar movements of genesis addresses in 2020, the quarterly increase of ETH reached 83%, and the current market volatility index has risen to a three-month high.
Market speculation:
Profit-taking conclusion: Based on the ICO cost of $0.31, this cashing out has achieved over 7000 times return, in line with the exit cycle pattern of early investors.
Hedging operation comment: Some analysts point out that this address may be adjusting its delta-neutral strategy, with the remaining positions possibly used as collateral for derivative trading.
Market manipulation suspicion: The community is buzzing about whales using the 'smart money' effect to guide market sentiment; on-chain data shows that after deposits to exchanges, large sell orders did not immediately appear.
Industry observer Wang Lei pointed out: "Such movements of genesis addresses often contain deep market signals, suggesting a focus on large OTC transactions and changes in derivative holdings at exchanges. Historical data shows a correlation of over 60% between whale operations and market turning points."
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