Mystery surrounds $289 million in ETH that moved for the first time in 7 years
Quick Take 92,000 ETH, valued at around $287.7 million, moved for the first time in seven years. The wallet initially received 96,474 ETH valued at $130,320 on Sept. 1, 2015 12:21:51 UTC from the Ethereum Foundation.
No one really knows why 92,000 ETH -4.82% , valued at around $287.7 million, moved for the first time in seven years.
Initial speculation connected the funds to the Ethereum Foundation, with others stating it could be connected to an early contributor to the organization. A source with the Ethereum Foundation told The Block, "This is not an EF wallet."
Data from the crypto data tracking platform Arkham shows that the wallet received 96,474 ETH valued at $130,320 from the Ethereum Foundation on Sept. 1, 2015, 12:21:51 UTC. Seven years ago, this wallet sent the funds to the unlabeled address, which had sat mostly dormant until today.
ETH traded at $3,127 as of 4:48 p.m. ET (20:48 UTC) on July 25, having decreased 7.33% in the past 24 hours, according to The Block Prices for Ethereum .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Samsung Electronics Q3 Revenue and Operating Profit Hit Record Highs, but Net Profit Still Below Expectations
Samsung Electronics reported a net profit of 75.21 trillion KRW for the third quarter, compared to an estimated 89.06 trillion KRW. The operating profit for the third quarter was 107.44 trillion KRW. Third-quarter sales reached 195.25 trillion KRW. Chip sales for the third quarter amounted to 147.1 trillion KRW. Samsung plans to announce its shareholder return plan at the end of January, with plans to distribute a 30 trillion KRW cash dividend for the third quarter.
$17 Billion Acquisition Countdown: DoorDash (DASH.US) Plans to Acquire Instacart to Enter the Home Shopping Battlefield, Official Announcement as Early as Thursday
DoorDash's core intention in acquiring Instacart is to extend the user access and delivery network established through food delivery to the larger-scale household supermarket shopping scenario. The deal originated from Instacart exploring a sale and contacting potential buyers such as Uber and DoorDash. By October 26, multiple media outlets reported both parties had entered deep negotiations, with the potential transaction valued at approximately $17 billion.
Federal Reserve Holds Rates Steady, Oracle (ORCL.US) Surges 11% to Ignite Tech Stock Rally
The Federal Reserve maintained its interest rates at 3.75%~4.00%. Combined with Oracle’s strong growth guidance and SK Hynix’s record profits, the S&P 500 index rose for the third consecutive day, and the Nasdaq closed up 0.27%. Market focus is shifting to earnings reports from major tech companies.
Crypto prices
More
