Dormant Ethereum ICO wallet moves 2,680 ETH worth $5.04 million after 11 years

A long-inactive Ethereum ICO wallet has transferred all 2,680 ETH, valued at $5.04 million, to a new address after 11 years of dormancy. The wallet originally spent $831 during Ethereum's 2014 token sale, according to on-chain tracker The Data Nerd. Such movements by early wallets are closely watched because they can signal portfolio reshuffling, custody changes or, in some cases, preparations to move funds to trading venues, though the transfer itself does not show a sale.

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Dormant Ethereum ICO wallet moves 2,680 ETH worth $5.04 million after 11 years - CoinPost Terminal