Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Dormant Ethereum holders moved $5.8 million into ETH. Can you make more money now?
ALTCOIN NEWS

Dormant Ethereum holders moved $5.8 million into ETH. Can you make more money now?

By Crypto FlexsMay 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dormant Ethereum holders moved .8 million into ETH.  Can you make more money now?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Stash received ETH at 31 cents per token during its ICO.
  • Investors will secure a whopping 950719% profit if they decide to sell.

Catching the attention of the broader cryptocurrency market, an Ethereum (ETH) holder woke up from nearly nine years of dormancy on Thursday to transfer his entire holdings to another wallet.

Old ETH on the move

According to Lookonchain, an on-chain data tracking platform, an early investor who received 1,969 ETH in the Ethereum ICO moved 1,960 ETH. The transferred supply was worth $5.8 million at current market prices. Participants received ETH at 31 cents per token as part of the ICO.

The purpose of the transfer has not yet been confirmed at the time of writing. However, there may be several explanations behind this move, the most dominant story being profit-taking. At the current price, investors will secure a huge profit of 950719%.

Other factors include diversifying your portfolio across different tokens.

not the first time

A similar case emerged earlier this year with the previous reactivation of ETH received during Genesis. For example, on March 24, a participant moved the entire 2,000 ETH received during the ICO. Before that, on February 2nd, I transferred 1,732 ETH from my wallet to the cryptocurrency exchange Kraken.

AMBCrypto conducted further investigation using Santiment data and discovered a sharp spike in ETH movements after being inactive for over 5 years. In almost all cases, movement of dormant coins led to price declines. This finding lends support to the profit-taking theory discussed earlier.

Ethereum Dormant Cycle

Source: Santiment


Is your portfolio green? Check out our ETH Profit Calculator


What is the sentiment surrounding ETH?

At press time, ETH was teetering around the $3,000 range, according to CoinMarketCap. The second-largest cryptocurrency appeared to be recovering from a rough spell last month, when it plunged about 10%.

Sentiment surrounding the coin in the futures market has changed dramatically over the past 24 hours. AMBCrypto’s analysis of Coinglass data shows that the number of traders selling ETH has increased compared to those eager for it.

ETH Long/Short RatioETH Long/Short Ratio

Next: How WIF’s Price Surpassed Bitcoin in This Important Aspect

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Building Tomorrow’s Wealth With Tokenized Gold

October 9, 2025

Dreamcash Celebrates 100,000 Waitlist Signups With Exclusive $50k Giveaway Series

October 9, 2025

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025

Fanable Gets $11.5M To Power The Future Of Pokémon & Collectibles; $COLLECT Token Farming Goes Live Now

October 9, 2025

Bybit Secures UAE’s First Virtual Asset Platform Operator License From Securities And Commodities Authority

October 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025
Most Popular

Polygon Labs Announces Official Rebranding of MATIC Token to POL Following Major Tech Upgrade in September

July 20, 2024

crypto renaissance | Ethereum Foundation Blog

May 28, 2024

IBM develops big data and AI mathematics science.

June 8, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.