First transfer after 9 years from crypto investor participating in Ethereum ICO
The wallet of an investor who earned $0.3 ETH in the Ethereum ICO, which remained inactive for 9 years, moved for the first time today. The user moved more than 1100 ETH worth $3.7 million to a new wallet.
A new one has been added to the examples of the movement of early Bitcoin and Ether wallets, which are frequently seen in the recent period. An Ethereum ICO participant moved 1111 ETH in their wallet for the first time in 9 years.
He had received 2000 ETH
It is seen that the wallet followed by Lookonchain received 2000 Ethers during the ICO period. At the time, Ether was priced at $0.31. The total value of 1111 Ether, which came out of thousands of times the valued wallet and moved to the new wallet, is around 3.7 million dollars.
What could be the reason for the transfer?
There may be more than one reason under such transfers. The most noticeable of these is security concerns. The risk of hacking old-style wallets allows users to switch to new technology wallets.
Another reason may be that users, who have made a great fortune over the years, want to separate their wallets and move to a new order to diversify their investments. Sending and selling assets to exchanges may also be included in this strategy.
Along with these, there are people who have lost and found their passwords or forget that they had such an investment years ago and remember them later... These people may also be switching to new wallets to realize their profits.
