After two years of inactivity, an Ethereum ICO wallet has dumped a total of 12,010 ETH in just four days. This sudden move has raised concerns in the cryptocurrency community.
The wallet in question had been inactive since the initial coin offering (ICO) took place, leading many to wonder about the sudden decision to dump such a large amount of Ethereum. The selling of the ETH began on October 18th and continued until October 21st, with a total of 12,010 ETH being sold off.
This move has sparked speculation and debate about the reasons behind the sudden activity in the wallet. Some believe that it could be a strategic move to take advantage of the current price of Ethereum, while others are concerned about the impact this large sell-off could have on the market.
Regardless of the reasons behind the wallet’s sudden activity, it serves as a reminder of the volatility and unpredictability of the cryptocurrency market. Investors and traders should always be cautious and stay informed about any sudden movements in the market to protect their investments.