A cryptocurrency wallet that participated in Ethereum’s 2014 ICO has moved all of its assets for the first time in over a decade. Blockchain data shows this wallet transferred 401.1 ETH—purchased at just $124—to new addresses, possibly in preparation for selling.
According to transaction history, this wallet received the ETH from the network’s launch and was inactive for 3,871 days. However, in the past 24 hours, the wallet owner split the assets into four separate transactions and sent them to multiple addresses over about five hours.
At an approximate price of $2,000 per ETH, this ETH is now worth nearly $802,200, representing a profit of about 6,469 times the initial investment.
Transferring funds to a new wallet does not confirm a sale, but it is often a preparatory step before listing on an exchange.
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