Early Ethereum Wallet Transfers $120 Million in ETH, Realizing Substantial Gains
An address associated with an early Ethereum adopter, dormant for three years, recently transferred 51,647 $ETH, valued at $120 million at the time of the transaction. This wallet acquired its tokens at an average price of $246 per coin, representing an initial investment of approximately $12,706,022.
With $ETH priced at $2323.46 at the time of transfer, this transaction indicates a realized gain of approximately $107,293,978 from the initial investment.
Its dormancy and early acquisition price place it among the 'OG' (Original Gangster) wallets.
Wallet Status Post-Transfer
The specific destination of the transferred funds has not been publicly detailed.