Long-term ether holders became active in the second half of the year as ether toyed with all-time highs, with more “ico-era” holders “awakening” after years of dormancy.
September saw two of the most significant spikes in long-term holder activity since the peak of the year in July, as measured by Santiment’s analytics platform Sanbase consumed metric.
The scale measures the total amount of ether (Eth) Change of addresses, multiplied by the time since they last moved. A spike indicates a significant amount of old ether transfer, according in the description.
The measure shows a spike to 502 million, around September 6, and then 603 million at the end of September, the highest of the year outside of July’s high of nearly 804 million.
“ICO-era” ether holders are waking up
The spike in Long-term ether holder The activity also includes some of the early holders of Ether.
On Wednesday, a whale that received 20,000 ether during the Ethereum ICO transferred 1,500 tokens to the Crypto Exchange Kraken, after eight years of inactivity, according to Nansen.
When the address first acquired the tokens, 20,000 ether was worth just $6,000, but in the years since, it has grow up significant amount to more than $ 78 million.
Two other ICO holders made moves in August and September
One more Ethereum ICO participant who received a total of 1 million in ether in three installments of 200,000 ether, 300,000 and 500,000 In three separate wallets during the Genesis days of the Ecosystem began making moves in September, moving 150,000 ether to a new wallet for staking.
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Whale spent a total of $310,000 as part of the ICO to receive its ether, which has since grown in value to more than $3.9 billion.
At the same time, a smaller holder perform Their first action in a decade during August, sending 0.001 ether as a test transaction. Unlike whales, this holder only bought 158 ether in the rollout for $49.
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