JAKARTA Whales or whales in the crypto world refer to crypto entities in large quantities, always attracting public attention. This time, the Ethereum (ETH) whale has moved about 8,000 ETHs to other crypto wallets.
The whale has had ETH since 2015 and has not moved its holdings since. However, recently the whale made a move by making major transactions. In 2015, ETH was still trading at a price of 0.31 US dollars (Rp4,600). The 8,000 ETH are currently worth around Rp227 billion based on today's exchange rate.
Based on data from Lookonchain, a wallet that has been inactive since 2015 has moved 8,000 ETHs to another wallet. The wallet first made a transaction of 1 ETH and then moved the remaining 7.999 after a few minutes.
This means that the wallet paid $2,480 for 8,000 ETH. An ICO Ethereum participant who has been inactive for 8 years was built today. He transferred all 8000 ETH to a new address," wrote Lookonchain, May 28, 2023.
For information, Ethereum's ICO in 2015 was the time when Ethereum first introduced itself to the public. ICO or Initial Coin Offering is a fundraising method where crypto projects sell part of their tokens to investors in cryptocurrency or fiat exchanges.
In this case, ETH is sold at a very affordable price, and over time, its value skyrocketed dramatically. This incident shows how important it is to understand the growth potential and changes in the value of crypto assets in the long term.
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