An old Ether wallet that had been inactive for eight years suddenly came back to life and transferred pre-mined ETH worth $116 million to a Kraken wallet address. These tokens were acquired during a sale event in June 2014 and have significantly increased in value over time. Surprisingly, the transaction fee for moving such a large amount of ETH was only $1.68. The Ethereum network held the sale event to allow early participants to purchase pre-mined Ether since the ecosystem couldn’t generate tokens at that time. The wallet owner’s identity remains unknown, but their decision to hold onto the tokens for eight years demonstrates the popular investment strategy of hodling in the crypto community.

AI Sentiment: Positive