In brief
- An Ethereum address holding 900 ETH has moved the coins after nearly 10 years of “HODLing,” blockchain data shows.
- The address received the coins before Ethereum mining started—something early contributors to the network would have been entitled to.
- There have been several transactions involving long-time holders of large amounts of crypto.
An investor holding $2.2 million in Ethereum started moving the coins on Monday after leaving them untouched for nearly 10 years, blockchain data shows.
The holder originally received the 900 ETH at the address in 2015 when the coin was priced at less than 50 cents.
Those were “genesis” coins, digital tokens created during the first block of Ethereum. Before transactions took place on Ethereum, early contributors and developers to the project received “pre-mined” ETH—when it was worth pennies.
The latest move is one of several involving larg
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Author: Mathew Di Salvo
