A single $48 investment made ten years ago has blossomed into a fortune, as an Ethereum owner recently saw their dormant premine address come to life. According to data from Whale Alert, the wallet holder invested just $48 in the Ethereum ICO back in 2015 and received 158 ETH, which is now worth approximately $693,197. This marks a staggering 1,444,060% increase or a remarkable 1,444,060-fold gain! 🤯
Blockchain data shows the user then transferred 0.001 ETH to another wallet for testing purposes after over a decade of inactivity.
The journey began with Ethereum’s ICO price hovering around $0.31 in 2015, allowing investors to acquire 2,000 ETH for each BTC unit. As the value of ETH skyrocketed during the event and later increased significantly, reaching an all-time high of $4,955 on August 23, this investment has witnessed a dramatic transformation.
Current market conditions haven’t slowed down Ethereum’s momentum; it currently trades at $4,346. This is bolstered by renewed demand and the influx of ETH from institutional investors. “Wall street token” – that’s how VanEck CEO Jan van Eck described Ethereum due to financial institutions’ interest in blockchain technologies, particularly stablecoins.
Ethereum’s growing popularity is evident through positive net flows of $4.08 billion in Ethereum ETFs compared to a negative netflow of $920 million in Bitcoin ETFs in the past month.
The success story serves as a testament to Ethereum’s long-term potential and its transformative impact on the financial world.