The address transferred about $113,000 in Ethereum to a new wallet after receiving 400 ETH for $124 during Ethereum’s initial coin offering (token sale).
An Ethereum initial coin offering (token sale) participant moved 50 ETH worth roughly $113,000 to a new address after 11 years of inactivity. The wallet originally spent $124 in Ethereum’s ICO and received 400 ETH. Based on the figures provided, the remaining holdings imply a much larger unrealized gain, illustrating how early Ethereum allocations have appreciated over time.