A participant in Ethereum's 2014 ICO has returned after 10 years, transferring 2,000 ETH to Binance, potentially leading to significant profit.
A Long Sleep Ends
According to blockchain data tracker Lookonchain, the dormant wallet first signaled life by moving a tiny fraction of ETH, just 0.002 coins, less than an hour before the main deposits started. Over the past two days, the holder systematically split and transferred the entire stash to Binance across multiple transactions, the largest being nearly 1,000 ETH.
Ethereum Price Action Amid Volatility
The recent military conflict between Israel and Iran caused ETH to dramatically fall, from $2,760 to a low of $2,470 within hours. This more than 10% drop erased the recent surge to a 15-week high near $2,830. In addition, over $1 billion in leveraged positions across the market were liquidated.
Current Market Situation for Ethereum
At press time, ETH was up 3.9% in the last 24 hours, hovering around $2,616, after oscillating between $2,494 and $2,628. However, it remains down 26.6% year over year and more than 46% shy of its all-time high of $4,878 set roughly three years ago.
The awakening of an investor who bought ETH for $0.31 in 2014 underscores the opportunities and risks associated with cryptocurrency investments amidst global instability.
