Another dormant Ethereum wallet reawakens after 8 years, moving millions
1 min read
An Ether (.
The Ethereum ICO occurred in two primary stages. The first stage was the pre-sale, and between July 22 and Sept. 2, 2014 the sale of Ethereum tokens to new investors raised $18 million. The going exchange rate for the pre-sale was 1 BTC — for 2,000 ETH. The second stage was the official launch of the Ethereum blockchain which occurred on July 30, 2015. This meant that some investors waited more than a year to be able to redeem and use their ETH.
Dormant wallets with vast sums of crypto can awaken for a variety of reasons. Sometimes dormant wallets reawaken because they’ve been hacked. Other times, it’s simply because the owner may have forgotten about it and upon its re-discovery, have decided that it’s possibly a good time to sell.
Crypto City: Guide to Osaka, Japan’s second-biggest city
