Ethereum ICO Whale Moves $6M ETH After 8 Years

The post Ethereum ICO Whale Moves $6M ETH After 8 Years appeared first on Coinpedia Fintech News

An early Ethereum ICO participant has finally moved 1,500 ETH worth $6 million to the Kraken exchange after nearly 8 years of inactivity. This investor originally bought 20,000 ETH during the ICO for about $6,220. The remaining 18,500 ETH they hold are now valued at over $80 million, representing a massive 12,971x return. This move highlights the incredible long-term gains early Ethereum backers have seen as the network matures and evolves.