A mysterious Ethereum address bought $75,000 worth of ETH during the first coin offering (ICO) in early 2014. The holder collected 250,000 ETH for $75,000 and it has now been almost nine years with no activity on the wallet. No other crypto transactions have taken place from the wallet since 2014 and it remains completely inactive. The wallet is one of the biggest mysteries in cryptocurrency as no one knows who owns it or what the holder intends to do.
The $75,000 investment in Ethereum has become $440 million in 2023 on March 23, 2023. That’s a return of 5,500x in nine years. The address also received $6.5 million in airdrops, as incentive for holding. That’s an 87x on the initial investment alone.
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3 possible reasons why the $440 million Ethereum holder never sold
1. The best ‘Diamond Hands’ ever recorded?
One possible reason could be that the $440 million Ethereum holder could be the largest diamond hands investor ever. He or she wants the portfolio to grow further and looks at a well-defined desired goal to sell. The holder doesn’t mind waiting a few more years or a decade to get there. If the speculation could indeed be true, the address is an example of what’diamond handsreally mean.
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2. The holder has lost the keys?
The second possible reason for not selling the $440 million worth of Ethereum could be that the user has lost his/her keys. It would be hard for a normal human being to sit on a $75,000 investment, rise to $440 million, and not sell. So the possibility of the holder losing their wallet keys or maybe just not being able to access their account is real.
3. The investor is no longer alive?
The third possible scenario could be that the holder is no longer alive. Sitting on a generational wealth of $440 million can knock the socks off a living person and hit the “sell” button in the blink of an eye. That didn’t happen. However, we hope that the second and third scenarios never materialize and that the holder is indeed a “diamond hands” person.