After three years of inactivity, a large ethereum whale invested in the project's first token offering (ICO), also known as the Genesis ICO, and spent 145,000 ether, which is currently worth little over $276 million.
145,000 ether are distributed to 9 different addresses by the Mega Ethereum Whale.
Onchain data shows that a whale who took part in the Ethereum Genesis ICO moved 145,000 ETH to multiple addresses on August 14, 2022. Using the most recent ETH exchange rates, the funds were valued $276 million. It was the participant in the Genesis ICO's first transaction since the whale withdrew 5,000 ETH from his wallet in 2019. The address emptied the 145,000 ether, leaving it with 0. 1177 ETH worth $22.4 at the time of writing.
Multiple batches of 5,000, 10,000, and 20,000 ETH worth of transfers were sent on Sunday. At 12:18 in the morning, the whale made its last payment of 10,000 ETH (UTC). After transmitting the last 10,000 ether, the wallet owner additionally transferred 918.89 canto utility tokens (CANTO). According to statistics, the address presently holds ERC20 tokens in the wallet that are worth $26,770. Omisego has the majority of the ERC20 token's worth ($26,439). (OMG).
Additionally, the address contains a "Protocol of Quick Response" non-fungible token (NFT) created by Enjin, which is worth $0.02 ETH, or $38. The whale also sent 5,000 ETH on July 31, 2019, when ether was trading for $220 per coin, before sending the 145,000 ETH. In terms of USD value, that transaction took place in July 2019 and was about $1.1 million. On Sunday, 145,000 ether were distributed to nine different blockchain addresses.
One or more of the nine addresses connected to the 145,000 ethereum have the CANTO token that was sent from the originating account, and none of the nine addresses have used any of the coin holdings. It's important to note that in this article, the term "spent" refers simply to the transfer of ETH from one address to another. Whether the coins were "sold" or are "meant to be sold" on the open market is actually impossible to determine.
In the big scheme of things, so-called "sleeping cryptocurrencies" awaken all the time, and three years of inactivity is really not that long. For example, on August 10, 2022, the blockchain parser btcparser.com detected 41.55 BTC that originated on June 19, 2011, which was 11 years ago. When they were spent, the bitcoins 'wake up' at block height 748,851 in BTC. Blockchain parsers frequently wake up "sleeping cryptocurrencies." The aforementioned ETH whale, however, is far larger than the 2011 transaction of 41 BTC made by the elderly bitcoiner.
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