According to blockchain analytics platform Lookonchain, an Ethereum (ETH) address recently emerged from more than nine years of dormancy to deposit 5 ETH (roughly $13,000 at current prices) to the Kraken cryptocurrency exchange.
This specific participant in the initial coin offering (ICO) received a total of 2,000 ETH for $620.
The Ethereum ICO, which took place between late July and early September 2014, secured a total of $18 million worth of funding. The Ethereum blockchain ended up going live in July 2015.
Gamza KhanzadaevEarlier this year, another ICO participant deposited more than $9 million worth of ETH into Kraken after several years of dormancy.
Ether is currently trading at $2,625, according to data provided by CoinGecko. The price of the second-largest cryptocurrency has slipped by 1%.
Yuri Molchan
Arman Shirinyan
Dan Burgin
Vladislav Sopov
U.Today Editorial Team