Ethereum Whale Transfers 2,000 ETH After Decade-Long Hold
An address beginning with 0x158 moved nearly 2,000 ETH after more than 10 years.Arkham data showed the ETH was bought during Ethereums 2014 presale at about $0.31 per coin.Ethereums 2014 token sale ran from July 22 to September 2, with ETH priced around $0.31. A long-dormant Ethereum presale wallet moved nearly 2,000 ETH after holding the coins for more than a decade, turning one of Ethereums earliest purchases into a multimillion-dollar position. Arkham monitoring showed that the address, starting with 0x158, bought the ETH during the 2014 Ethereum presale at about $0.31 per token. At current prices, the transfer was worth around $4.2 million, compared with an original cost of roughly $620. Presale Wallet Moves After 10 Years Data showed the old wallet moved 1,998 ETH to another address, followed by two smaller 1 ETH transfers. The larger transfer was valued at about $4.22 million in the dashboard data. The receiving wallet held around 1.999K ETH after the movement, with the portfolio value shown near $4.22 million. The ETH price on the Arkham screen was around $2,113.15, matching the approximate valuation of the transfer. The address had stayed inactive for years after acquiring the coins during Ethereums earliest funding period. That makes the movement notable since