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A few days ago we got to know about a old OG wallet moving 80000 bitcoins to eight different wallets. We discussed about that in a blog and you can read it by visiting my blog. Today we got to know that a similar thing happened with Ethereum though the amount is not too much like in the case of Bitcoin. Around 900 Ethereum was moved from a wallet after around 10 years of time. These coins were in the wallet since Ethereum was not even valued at $1 and it means at the time when this wallet owner had these Eth, it was not even worth $1000.
After $8 billion worth of bitcoin was moved few days back, maybe people with old wallets for famous top tier crypto have started to follow the same trend. The interesting thing to know here is that these Ethereum were part of the genesis block which means the person got them even before the mining of Ethereum was started. For people who do not know, a genesis block is the first block that marks the beginning of the blockchain. By the way you can take a look a the wallet history of those 900 Ethereum below.
Just in case you missed something in the screenshot above, you can see the very first transaction below that took place 3630 days ago and that is also marked as genesis making it clear that it was a initial eth distribution when Genesis took place.
Today these 900 Ethereum are worth more than $2 million. Now this is something we can see with any other coin as well. Even with our hive token, it is possible that an OG user from the past will come and start shifting their tokens one day. If you are aware enough you might be knowing that there are accounts holding millions of hive and they have not even made a single comment on the blockchain. Who knows if they are still alive or if they just forgot about these wonderful blockchain or maybe they just never got to know that they have so many tokens waiting for them.
To be honest I hope they stay away from the platform because unlike you and me and all the regular users of Leo and hive, they don't carry the love for this platform and maybe they can even decide to dump all their token at the market.
Above you can see that we have accounts having worth more in value than these 900 Eth. Those hive are worth 3.8 million dollars and at peak value it would have been equal to close to 60 million dollars.
In case of Eth, it is just 900 Ethereum and that is why even if it is sold at the market, it will not have a big impact on the price of Ethereum. Lastly, I think that the holder of these Eth tokens can be one of the developers or testers or early contributors. By the way if Eth reaches it's all time high these tokens will be worth more than $4 million. What would you have done if you had 900 Eth from genesis? Tell me in comments.
Thank You and Happy Trading Everyone.
