- Arkham Intelligence data draws attention to an interesting collection of ETH funds.
- The Golem multi-signature address which raised 820k ETH in the 2016 ICO still holds ETH.
- The address still holds almost $60 million worth of ETH bolstering positive sentiment for a new ETH ATH this bull cycle.
Bitcoin (BTC) price is back over the $60,000 price mark and altcoins continue to show bullish signals for massive pumps during altseason. While Bitcoin continues its sideways movement, expectations for BTC, ETH, and other major altcoins to set newer highs in the coming months continue to grow.
Amid the steadily growing bullish sentiment, one popular crypto reporter notices another strong sign that could support the steady economic growth of Ether (ETH) price. The native token on the Ethereum network still has other factors that could support its climb in price.
2016 Ethereum ICO Still Standing Strong
As we can see from the post above the Golem multi-signature address 0x7d…6CF9, which raised 820,000 ETH in the ICO in 2016, transferred 4,000 ETH to Coinbase Deposit and Binance Deposit. Presently, this Golem multi-signature address still holds 22,834 ETH, worth about 59,810,000 million US dollars, according to Arkham Intelligence.
The responses to this on-chain data notification are a positive one from the online Twitter community. It shows that Ethereum has been very vigilant with its raised ICO guns and still has almost $60 million reserved in its Golem multi-signature address.
New ETH ATH This Bull Cycle Could See $14,000 ETH Price
The price of Ethereum is expected to hit new highs this crypto bull cycle. In particular, one analyst known for his silver-tongued predictions, expects ETH to hit a new ATH target between $10,000 and $14,000. However, he expects these targets to come into play only after Bitcoin (BTC) hits a new ATH at $80,000.
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