An early Ethereum ICO investor has returned after a four-year hiatus, making a significant deposit on the Kraken exchange. This news highlights the substantial growth and opportunities within the crypto sphere.
Return of the Crypto Investor
On July 22, a previously inactive wallet deposited 800 ETH into the Kraken exchange. This amount is approximately $2.96 million.
Total Profit from Revived Assets
Originally, this wallet received 8,950 ETH back in 2015 for just $2,783 during the Ethereum ICO. This translates to an average cost of about $0.31 per ETH. With this recent transaction, the total profit has reached an impressive $13.36 million.
Market Impact
Movements of old wallets often spark speculation in the crypto community. Large transfers of ETH to centralized exchanges can indicate an intention to sell, potentially creating short-term price pressure. However, in this case, only a portion of the wallet's ETH was moved, with a significant amount remaining untouched.
The return of investors and movements of funds from old wallets emphasize the lasting value perceived by early Ethereum supporters. These events illustrate how investors are managing their wealth in a volatile market.
