CryptoNews: After remaining inactive for eight years, a wallet address containing pre-mined Ethereum worth $116 million has transferred all of its 61,216 Ether to an address on the Kraken Cryptocurrency exchange. 👀
Ethereum ICO Whale Has Transferred All of its 61,216 Ether to an Address on the Krakenworth $116 million has transferred all of its 61,216 Ether to an address on the Kraken cryptocurrency exchange.to Lookonchain, and the owner secured their tokens at an ICO price of roughly $0.31 per ETH. In June 2014, the Ethereum ecosystem held a sale event that gave early team members and co-founders the chance to take part and gather pre-mined Ether.
The tokens are now worth more than $116 million eight years later. Although the wallet owner's identity and the motivations behind the money transfer are unclear, they could be due to a variety of reasons, such as profiting from the rise in Ethereum's price. To avoid any loss brought on by human error, the wallet's owner sent a test transaction worth 0.05 ETH to the Kraken address before starting the whole transaction. Despite the size of the transfer, the fee for the transaction was only $1.5, and the gas price was 25.475673161 gwei.Related Articles
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