2000 ETH “The Beginning” Ethereum ICO is coming back to life

Crypto mining. The transparency of the blockchain makes it possible to track unusual fund movements, or those that are too big to remain under the radar. A chance to count the number of whales and other marine animals that populate these turbulent digital waters. Then, at the turn of the activity, a wallet identified as “Start” it appears again after almost 9 years of complete impotence. Excavation space 2000 ETH all rights from the ICO of the Ethereum project launched in July 2014. The launch in which each unit of this cryptocurrency was sold for… $0.31 per unit !

Ethereum: 2000 ETH “The Beginning” moves for the first time

Industry of secret money allows you to write digital events worthy of real financial novels. Indeed, the great evolution of this ecosystem and the volatility of its prices provide glasses that only this currency is stamped. Internet 3 and secret.

However, it is necessary to call modern archaeologists in order to discover certain activities that arise from the historical foundations of this ecosystem. As a Whale X Alert account that has discovered a unusual activityfrom a very rare “Beginning” wallet from Initial Coin Offering (ICO) of the project Ethereum.

“A quiet pre-mine address with 2000 ETH (6,712,531 USD) has just been activated after 8 years and 7 months! »

Whale Alert

Actually, these “Genesis” wallets therefore they are associated with the launch of the ETH cryptocurrency. A successful operation that made it possible to sell within 12 hours 7 million Ether at the sale price set at that time in BTC, at the rate of 2000 ETH per unit. And, at a price of $ 620 per BTC, this is allowed get 1 ETH for $0.31 !

All-time sleep addresses

At that time, 8,893 wallet had participated in this ICO which is now a logo. And, obviously, some had fallen into long-term oblivion … but only relatives. Because, these 2000 ETH recently reappeared now represent a total of 7 million dollars all around.

An example of patience that should inspire fans of long-term detention. Because, without bothering with the volatile vagaries of the daily cryptocurrency market, this portfolio shows net profit of $6,999,280 (a painful capital gains bill is expected). The question remains as such activities are still possible almost 10 years later…

Record prices are often associated with reappearance of dormant contacts, sometimes for many years. An opportunity for (very) patient investors to make a big deal. Be careful, however, because this rule is unfortunately not not valid for all projects. And who can take it seriously ETH for $3,500 at that time? Something to think about…