Ethereum Wallet Wakes Up After 8 Years With 522210% Gains
According to crypto analysis firm LookOnChain, a dormant Ethereum (ETH) wallet woke up after 8 years, transferring 32.1 ETH to Coinbase. LookOnChain highlighted that the wallet is an ETH ICO (Initial Coin Offering) participant and that it had received 200 ETH during the token’s “Genesis.” The analysis firm also notes that the wallet “appears to be related to shemnon.eth,” aka Danno Ferrin. Ferrin is an Ethereum Core Developer and has formerly worked at Oracle, Google, and Consensys. The price of Ethereum ( ETH ) during its ICO days was around $0.31. This brings the cost of 32.1 ETH at that time to about $9.95. The value of the 32.1 ETH today’s value is roughly $52,000. This translated to a growth of approximately 522210% , which is an incredible return on the initial investment. The wallet still has about 167.9 ETH in its possession, which is worth around $271,830. Also Read: Best Place to Stake Ethereum An Ethereum ICO participant who ...