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In the early stages of the cryptocurrency world, while everyone was talking about Bitcoin, the emergence of Ethereum brought a new breath to the market and the industry. Following its debut, Ethereum made a significant impact and positioned itself as the undisputed number two in the altcoin world. One of the wallets of its first buyers has gained importance as it moved after nine years.
Movement in an Ethereum Wallet
A wallet that had been dormant for 9 years and was identified as having made purchases during the ICO period has moved in Ethereum, the second-largest cryptocurrency by volume. It was observed that this investor, who bought 500 Ethereum for a total of 155 dollars during the ICO, transferred ETH to another address for a test purpose after the elapsed time.
According to information shared by Lookonchain, a very small amount of ETH, which increased in value from 155 dollars to 1.25 million dollars, was transferred to another address by the owner of the address – thought to be for test purposes. This situation also raised the question of why one of the oldest Ethereum wallets in the cryptocurrency world might have moved.
After the incident, attention turned to the Ethereum price, and following yesterday’s decline, today’s rise seemed to have somewhat relieved investors.
How Much is Ethereum?
Considering the last 48 hours, it is seen that Ethereum experienced a significant drop along with the general cryptocurrency world, followed by a small recovery. After the price decline, ETH had fallen to the level of 2,100 dollars, but with today’s recovery, it is seen to have returned above 2,500 dollars, which means a 2.53% increase.
The increase in Ethereum price also raised the market volume, bringing it to the level of 304 billion dollars. On the other hand, the 24-hour trading volume experienced a noticeable decline. After a 57% drop, ETH’s trading volume seemed to have fallen to 29.7 billion dollars.
