Ethereum ICO Investor Moves $646 Million to Staking Address After Inactivity
An early investor in ETH has made a significant move by depositing 150,000 ETH, valued at approximately $646 million, into a staking address. This transfer occurred from three wallets associated with Ethereum's 2014 ICO, which had been inactive since February 2022.
- The investor acquired 1 million ETH during the ICO for $310,000, now worth about $4.3 billion.
- After this transaction, two wallets still hold an additional 105,000 ETH, valued at $451 million.
- This aligns with recent trends of ICO participants re-entering the market; last month, one transferred $19 million in ETH to Kraken.
- Ethereum's staking layer has exceeded 33 million ETH this year, as older investors engage with the network's proof-of-stake model.