Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Unexplained Activity: Inactive Ethereum ICO Wallet Transfers ETH for the First Time
An unidentified Ethereum address that has been active for more than eight years has recently conducted its inaugural transfer of 185 ETH.
In another notable transaction today, 830 BTC were transferred from an anonymous wallet to Bitstamp.
- The on-chain tracking service Whale Alert highlighted the ETH ICO participant and their activity on September 7.
- The wallet, established over eight years ago, prior to the Ethereum Initial Coin Offering, transferred 185 ETH (valued at just over $300,000 at the time of the transaction) to the established US cryptocurrency exchange – Kraken.
- This transaction contributes to the increasing number of ETH ICO participants reactivating, as another instance occurred several weeks ago. It was reported then that the amount transferred was significantly higher, exceeding $4 million.
- Additionally, there was another noteworthy ETH transaction in the last 24 hours that deserves mention. An unidentified wallet deposited over 50,000 ETH (valued at over $80 million) into Kraken.
- Moreover, it wasn’t just ETH holders who were active in the past day. Whale Alert reported on a bitcoin investor who moved 830 BTC (approximately $21 million) to Bitstamp.
SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.