Huo Xing Finance reports, according to Arkham monitoring, an address that purchased ETH for $120 during the 2015 Ethereum presale transferred 50 ETH to a new wallet today and deposited 350 ETH into Bitstamp. The address held these assets for 10 years, yielding a return of over 7,500 times. At current prices, the ETH holding is valued at approximately $900,000.
ETH address purchased for $120 in 2015 now worth $900,000, a 7,500x return
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Summary
ETH news: A wallet address purchased ETH for $120 during the 2015 Ethereum presale. The address recently transferred 50 ETH to a new wallet and deposited 350 ETH into Bitstamp. The ETH, held for 10 years, is now worth approximately $900,000, representing a 7,500x return. ETH update: The transfer indicates potential activity after a prolonged holding period.
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