After a three-year hiatus, the massive Ethereum whale, which took part in the project’s first token sale, also known as Genesis’ Initial Coin Offering (ICO), has raised 276 million using today’s Ethereum exchange rate. You have spent 145,000 Ether which is worth a little more than a dollar.
Mega Ethereum Whale distributes 145,000 Ether to 9 different addresses
On August 14, 2022, on-chain data shows that whales participating in the Ethereum Genesis ICO moved 145,000 ETH to various addresses. The funds were worth him $276 million using the current ETH exchange rate. It was the first time his ICO participants at Genesis had used coins since his 2019, when his 5,000 ETH was leaked from Whale’s wallet. At the time of writing, the address currently holds his 0.1177 ETH worth $22.4 after emptying 145,000 Ether.
Sunday’s transfers were sent in multiple batches of 5,000 ETH, 10,000 ETH, and 20,000 ETH increments. Whale ended the transfer with his last 10,000 ETH transfer sent at 12:18am UTC. The wallet owner also transferred 918.89 canto utility tokens (CANTO) after sending his last 10,000 ether from the wallet. According to statistics, the wallet at this address currently also contains $26,770 worth of ERC20 tokens. Most of the ERC20 token value ($26,439) is held in omisego (OMG).
This address also contains a “Protocol of Quick Response” non-fungible token (NFT) created by Enjin worth 0.02 ETH or $38. Before sending 145,000 ETH, the whale said that on July 31, 2019 he also sent 5,000 ETH. At this time, Ether was being exchanged at $220 per coin. That transaction in July 2019 was approximately $1.1 million in US dollars. The 145,000 Ethers sent on Sunday were sent to nine separate blockchain addresses.
None of the 9 addresses associated with 145,000 Ethereum have consumed their coin stash, and some addresses hold CANTO tokens sent from the original address. Note that the term “spent” in this article simply means the transfer of his ETH from one address to another. There is really no way to know if a coin has been ‘sold’ or ‘intended to be sold’ on the open market.
The so-called “sleeping cryptocurrency” wakes up all the time, and after three years of being idle, it really isn’t that long in the grand scheme of things. For example, on August 10, 2022, his blockchain parser btcparser.com caught his 41.55 BTC derived from 11 years ago or his June 19, 2011. Bitcoin officially “awakened” when he used BTC block height 748,851. Blockchain parsers are always catching “sleeping cryptocurrencies”. However, the aforementioned his ETH his whale is much more massive compared to the old Bitcoiner from 2011 where he transferred 41 BTC.
What do you think about the 145,000 Ethereum that has been dormant for 3 years? Let us know what you think about this in the comments section below.
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