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Ethereum Wallet Owner Moves 8,000 ETH Worth $14.8 Million After 8 Years

Owner of an Etherium wallet with 8,000 ETH sitting idle for eight years decided to move the funds. “Keith moved the cryptocurrency to a new, newly created address.

The 8,000 ETH is now valued at $14.8 million. Coins were lying on this wallet from the ICO of Etherium, which was held in 2015.

Interestingly, the investor was buying ETH at $0.31 per coin. It turns out that in eight years, the rate of the second cryptocurrency increased by 591,900%.<br

First, the owner moved 1 ETH, and after a successful transaction, he also moved the remaining coins. The new address was created recently.

A few minutes before the transfer of 8,000 ETH was also sent 207 ETH. These funds were transferred from a wallet that had been inactive since 2017.

It is not yet known for what purpose an Etherium ICO participant is consolidating its funds into one wallet.

Cryptocurrencies at the moment remain at the new address – the owner did not transfer coins to cryptocurrency exchanges and did not sell them through other services.

We’ll remind you that last November the owner of 500 ETH, which were on the wallet without movement for 7 years and 3 months, transferred them to another address.