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UNIEthereum ICO buyer who paid $0.31 per ETH sends $2.4m to Kraken
A wallet that bought 100,000 ETH in the 2014 crowdsale has moved another 1,000 ETH to Kraken, leaving about 11,349 ETH, Blockscout data shows.
Why it matters: Large transfers by 2014-era holders are watched as a signal of how early investors view current ether prices.
Key points
- The wallet sent 1,000 ETH on 23 Oct at 19:29 UTC via an intermediate address that forwarded it to a Kraken hot wallet three minutes later.
- The coins cost $310 in 2014, when the ICO price was about $0.31 per ether; with ETH near $2,377 the gain is over 7,600x.
An Ethereum ICO buyer who paid $0.31 per ETH has sent another 1,000 ETH, worth about $2.4m, to Kraken, Bitcoin.com News reports.
With ether trading near $2,377, the batch is worth about $2.38m, a gain of more than 7,600x on the $310 it cost in 2014. The wallet still holds about 11,349 ETH, worth roughly $27m at current prices.
The wallet's history shows large outflows in 2017 and 2018, about 73,000 ETH returning during the 2018 bear market, further transfers in 2020 and 2021, and smaller sales since 2023.
It is the second early-holder sale flagged in two days.
Live updates on NewsFeeds:EthereumDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
Not investment advice. Read the risk disclaimer.