User Moves 641 ETH Bought 8 Years Ago

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An Ethereum Initial Coin Offering (ICO) address has moved 641 ETH for the first time in eight years, worth about $1.2 million.

According to Lookonchain experts, the user sent assets to staking.

The same wallet would have been worth $3.72 million today due to Ethereum’s rising value, trading at $1,867 per coin.

This follows a series of other large transfers from wallets that have been dormant for up to twelve years, including 250 BTC from five wallets, 6071 BTC held for nine years, and 2.04 million DOGE from an address dating back to December 31, 2013.