An altcoin whale holding 1,947 ETH worth $5.1 million has made its debut for the first time since 2015, and since then the value of the wallet has increased 2,500 times.
Ancient altcoin whale awakens
A dormant Ethereum wallet containing 1,947 ETH ($5.1 million) has been activated for the first time since 2015, according to data provided by Whale Alert. Considering that the initial investment was only $2,336, the whale has a huge profit of 220,799%. It is unclear whether the investor was targeting this time or just found a dusty old wallet. It is possible that this person found the password again after losing access to the cryptocurrency wallet.
After an $18 million crowdsale to support the development of the project, the second Ethereum, the largest Blockchain, was launched in 2015 with the aim of decentralizing the internet. The co-founder of the project, Vitalik Buterin, first introduced it at a Bitcoin conference in January 2014. The cryptocurrency started trading at $2.77 on the Kraken exchange before dropping to $0.68 due to selling pressure. Despite its rough start, Ethereum has grown rapidly and skyrocketed in popularity during the initial cryptocurrency supply (ICO) craze of 2017, reaching $1,400. During the 2018 bear market, ETH dropped to $85 before the value exploded in 2021. It recorded the historic high of $4,878 on November 10, 2021.
Whale woke up with 2,500x profit
1947 When ETH was added to the wallet in 2015, it was worth around $2,000. It is currently worth $5.1 million. His investor made a profit of 255,000 percent by not touching his wallet for 6.5 years. In Ethereum, as in today’s example, there are a number of wallets that have remained untouched for years before taking action on Bitcoin. As we quoted as Kriptokoin.com, 1,000 Bitcoins were extracted from Bitcoin wallets that have remained untouched for ten years, last December. These early crypto investors may have forgotten or misplaced their passwords, which they later remembered or discovered. Another theory is that they are extremely patient HODLers.
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