In a notable incident highlighted by COINOTAG News on December 27, an Ethereum address that had remained inactive for an impressive 9.4 years reactivated to transfer 0.01 ETH to a new wallet. According to analytics from LookIntoChain, this address originally acquired 1940 ETH during an ICO, which had a participation cost of just $601. The current value of this Ethereum cache has soared to approximately $6.56 million, underscoring the volatility and potential for profit within the cryptocurrency market. This event underscores the significance of historical investments in Ethereum, emphasizing how long-term holdings can yield substantial returns amidst the ever-evolving financial landscape.
Source: https://en.coinotag.com/breakingnews/ethereum-ico-wallet-awakens-after-9-4-years-transfers-0-01-eth-worth-6-56-million/
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