2023-05-29 08:31:25
A rather unexpected twist occurred in the Ethereum ecosystem when a wallet that was last active during the initial coin offering (ICO) made a transaction. This movement generated quite serious waves in the community. After all, his wallet, which has been inactive for 8 years, has moved a significant number of coins to another address. Many people on social media are already speculating regarding the impact of such a move on the Ethereum market.
The ether wallet, which had been inactive for a long time, probably moved because of Ledger
Lookonchain is a blockchain analyzer poked it out the movement first. It can be seen from the data that they first performed a test transaction with the wallet in the amount of 1 ETH. After this transaction was completed successfully, 7999 ETH was moved. It can be seen from the data of the wallet that the owner acquired this 8,000 ether during the Ethereum ICO at the exchange rate of $0.31. So in total, they spent just under $2,500 on an investment that is now worth almost $15 million. So we can call it a pretty good return, and thus we can get a glimpse of how serious the initial Ethereum investors were able to make. The 8,000 ether is now in a wallet that doesn’t have much of a history. However, just a few minutes before the 8,000 ether transaction, another 207 ethers arrived in the same wallet. And 207 ether was transferred from a wallet that hasn’t moved at all since 2017.
Exciting and mysterious transactions, it’s no wonder that many people are speculating what might be behind them. According to a very likely theory, the reason behind the move is that the mysterious owner wanted to withdraw his ether from an old Ledger wallet. Ledger recently announced that it is launching a new feature called Recover, which allows users to store their keywords in a copy. And when Ledger CEO Pascal Gauthier confirmed that the government might access private keys through the Recover function, there was an outcry. So much so that Ledger stopped the introduction of the Recover function and now everyone is waiting for the publication of the whitepaper document. Regardless, many people got scared and started moving their devices in the direction of a safe alternative.
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