Ethereum

Coin

A wallet address containing pre-mined <a target="_blank" href="https://tokeninsight.com/en/coins/ethereum/overview" rel="noopener noreferrer nofollow">Ethereum</a> worth $116 million moved its entire stash of 61,216 Ether to an address in the <a target="_blank" href="https://tokeninsight.com/en/exchanges/kraken" rel="noopener noreferrer nofollow">Kraken</a> crypto exchange after lying dormant for eight years. 
Pre-mined ETH was issued as a reward to Ethereum’s early supporters, including those who funded the project during its Initial Coin Offering (ICO). The network started off with a supply of 72 million ETH, of which 83% was distributed to those who purchased the cryptocurrency in a crowd sale conducted in July and August 2014. The average purchase price of ETH amounted to $0.30 per coin for those that took part. 
While most early buyers sold off their coins as the price of ETH rose significantly over the years, the remaining pre-mine addresses were thought to be staunch supporters of the cryptocurrency or those that lost their private keys and could no longer access their wallets. 
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$116 million Pre-mined $ETH Transferred to Kraken Exchange After Dormant for 8 Years

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