An Ethereum OG wallet linked to the Ethereum Foundation sold 7,594 ETH worth approximately $17.79 million after a full year of inactivity. The wallet's holdings trace back to Ethereum's initial coin offering, where the address acquired 200,000 ETH at roughly $0.31 per token — a total cost of just $61,000.
The address also received an additional 42,654 ETH directly from the Ethereum Foundation when ETH was trading at $13.82. The recent sale marks the first movement from the wallet in over twelve months, drawing attention due to its deep ties to Ethereum's founding era and the extraordinary return on the original ICO investment.
Ethereum Foundation-Linked OG Wallet Sells 7,594 ETH Worth $17.8M After Year of Dormancy
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