dating back a wallet Ethereum (ETH) initial coin offeringICO) has attracted the attention of the crypto community in 2015, when it suddenly transferred large amounts of money.
The wallet, which has been completely inactive since the ICO, moved all of its 8,000 ETH to another newly created address on Saturday, on-chain data from Etherscan show.
The fund movement was done in two transactions, first with a test transaction of just 1 ETH, followed by another transfer of the remaining 7,999 ETH.
In total, the transfers are worth approximately $15.2 million at today’s exchange rate, representing a huge increase in the value of the wallet as it was set up with only $2,500 worth of ETH during the ICO.
One notable detail is that the new wallet to which the funds were sent recorded a separate inbound transaction of 207 ETH, which was worth close to $400,000 shortly before.
The transaction came from a wallet that has been inactive since 2017, and it is unknown who owns it and why the funds are being consolidated now.
On Twitter, on-chain researcher LookOnChain was quick to share details about the original transaction, with members of the crypto community taking the opportunity to comment under the tweet with their own theories about the transfer.
“Maybe switch to laser,” one user suggestedReferring to the controversy surrounding the popular hardware wallet Ledger’s New “Recovery” Service,
Ledger launched its first version of a hardware wallet in 2014, which makes it plausible that the mysterious Ethereum whale could be storing its funds on one of the device’s early iterations.
