CandleFocus Ethereum ICO Participant Wakes Up After 9 Years of Dormancy
2024-09-25
Author: Content Editor
An Ethereum address that had been inactive for over nine years recently deposited 5 ETH (worth $13,000) to the Kraken cryptocurrency exchange, according to Lookonchain. This address was a participant in the Ethereum initial coin offering (ICO) and received 2,000 ETH for $620 back in 2014. The ICO raised $18 million in funding, and the Ethereum blockchain went live in 2015. This follows another dormant ICO participant depositing over $9 million worth of ETH earlier this year. Currently, Ether is trading at $2,625, experiencing a 1% drop in price.
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