Ethereum OG Moves $2.2 Million in ‘Genesis Coins’ After 10 Years HODLing

An investor in the state of $ 2.2 million in Ethereum Started moving coins on Monday after leaving them intact for almost 10 years, blockchain data shows.

The holder originally received 900 eth at 2015 when the coin was respected less than 50 cents.

These were “Genesis” coins, digital tokens created during the first block of Ethereum. Before the transactions occurred on Ethereum, early associates and projectors of the project received the “advanced manual” ETH-OTHER worth money.

The latest move is one of several that includes large quantities of cryptocurrencies from longtime owners.

In April, the long -term whale Ethereum sold Owners worth around $ 27.6 million, which can be made by profit more than 18,000%. Last week, a Bitcoin Kit moved More than $ 8 billion in BTC after 14 years.

ETH recently traded for $ 2,529 per money, which is a drop of almost 2% in the past 24 hours, according to for the Crypto Crypto of the Coingecko Data. Ethereum has increased almost 2% in the last month, but remains about 48% below 2021. The maximum of $ 4,878.

The ETH is the second largest digital coin after Bitcoin, with a market limit of $ 306 billion. Crypto currency was used online, but went on to proof of role as early as 2022.

When it was proof of work, the miners generated ETH coins – just like the Bitcoin – but property now uses less energy intensive mechanism for consensus where coins generate by tenants.

The holder is technically not a whale. Ethereum Kita holds at least 10,000 eth – $ 25.3 million at current prices.