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Ethereum ICO Whale Moves $6M ETH After 8 Years

Published by
Sohrab Khawas

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.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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