“ Not sold, not lost. You certainly know the famous adage, particularly appreciated by newbie investors and other financial advisors on social networks. A creed which however resonates very appropriately for this investor in the ICO from Ethereum who, in order to obtain an enormous added value, was content to wait patiently and let time operate its work.
In the prehistory of Ethereum
The thing seems to refer to the crypto-paleolithic era, but who remembers that in 2014, it was via a post on the forum bitcointalk (of which I told you myself in other times behind the scenes) that Vitalik Buterin initially presented the Ethereum project?
“Our goal is to provide a platform for decentralized applications – an Android of the cryptocurrency world. »
Vitalik Buterin, January 23, 2014
Almost 10 years later, everyone will judge the progress of Ethereum and the achievement of its initial ambitions.
It should be noted, however, that in these times of evanescent projects, which appeared and then were instantly replaced by more disruptive than them, and other memecorners inflated with hot air, Ethereum’s longevity impresses, as does its capacity to reinvent themselves.
But what we will especially remember today is that originally it was possible to participate in the ICO of Ethereum (in bitcoins – of course, with what else? –whose price was evolving around $400) at a price of $0.30 for $1 ETH.
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Buterin and Buterin’s money
In September 2014, the Vitalik team raised in two waves more than 32,000 BTC (18 million dollars) allowing thousands of investors to enter the “genesis” issue of the ETH token.
And if most of them then resold, exchanged, traded their tokens according to the evolutions of the crypto market and the price of ether, today we are talking about a very particular profile: that of an investor of the ‘original ICO which, after 8 years, has just woke up at the head of a hell of a fortune.
Impossible to say if this whale sip of 8000 ETH is dizzy, got lost on the way, or just has the biblical patience of a Web3 Moby Dick. But what is certain is that the investor behind the amazing cetacean has seen his $2,500 allocation turn into $15 million at the time of writing, i.e. a capital gain of nearly 600,000%.
The movement was initially detected by the specialized account lookonchain. Amusingly, the owner of the wallet began by carefully sending 1 ETH to the new address, before making the powder talk by transferring all of his assets 1 minute later to a new wallet.
A new address now filled with more than 8000ETH (and two lonely shitcoins who must be wondering what they are doing there).
This type of awakening is rare (and makes a big impression, as this article demonstrates), but does happen from time to time. A year ago, it was like a whale 15 times bigger which had risen from the depths.
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