Early Ethereum Investor Nets $5M After 10-Year Dormancy

Early Ethereum Investor Nets $5M After 10-Year Dormancy
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A dormant Ethereum wallet from the 2014 ICO has sprung to life, transferring 2,000 ETH to Binance. The investor stands to gain an 8,270x return on their initial $620 investment, potentially cashing out $5.2 million. This move comes amid heightened market volatility driven by geopolitical tensions.

  • Dormant 2014 Ethereum ICO wallet moved 2,000 ETH to Binance, potentially yielding $5.2M (8,270x return).
  • ETH price dropped 10% amid Israel-Iran tensions but rebounded 3.2% weekly, outperforming the broader crypto market.
  • Over $1B in leveraged positions were liquidated during the volatility, with ETH longs hit hardest between $2,650–$2,430.
Related Tags: EthereumBinance
Other Tags: LookOnChain, Blockchain
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