As a researcher with a background in cryptocurrencies and blockchain technology, I find it fascinating to observe the recent movements of early Ethereum investors. According to available data, two individuals who participated in Ethereum’s initial coin offering (ICO) have recently transferred a significant portion of their holdings to Kraken exchange. The total value of these transactions amounts to approximately $36.3 million at the current ETH price.
Two early backers of Ethereum‘s ICO have recently transferred the substantial gains they made on their initial investments, which were around 1,200,000% higher than their original purchase prices.
Based on data from cryptocurrency analysis platform Lookonchain, two distinct investors in Ethereum’s initial coin offering (ICO) have recently transferred a combined 9,518 ETH, equivalent to approximately $36.3 million at the time of transfer, to the prominent digital asset exchange Kraken.
After investing in the cryptocurrency that was the second largest by market capitalization during its inception, they made a deposit. The price of this cryptocurrency, Ethereum, was approximately $0.31 back then. Since then, the value of their investment has grown an astounding 1,200,000%, making one ETH coin worth around $3,780 today.
Two individuals who took part in the Ethereum Initial Coin Offering (ICO) transferred a total of 9,518 Ethereum tokens, equivalent to approximately $36.3 million, into Kraken today. Originally, they had been allocated 200,000 Ethereum tokens during the ICO, which were priced at $0.31 per token. Their initial investment cost them around $62,000, while the current value of these tokens stands at a substantial $767 million.
— Lookonchain (@lookonchain) June 3, 2024
During the ICO, participants put aside a fraction of the 200,000 ETH they obtained, using approximately $62,000 for crypto purchases. Their current holdings have surpassed the value of $750 million.
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2024-06-04 03:50