Estonian Banker's Lost Ethereum Wallet Now Holds Over $1 Billion in ETH
Main Idea
The article discusses the significant value of lost Ethereum holdings, Ethereum's price projections by Standard Chartered, and the performance of Ethereum ETFs.
Key Points
1. Estonian entrepreneur Parvel Lõhmus lost access to a wallet containing 250,000 Ethereum, now valued at roughly $1.2 billion due to Ethereum's price surge.
2. Standard Chartered has raised its Ethereum price target to $25,000 by 2028, with interim targets of $7,500 by 2025, $12,000 by 2026, and $18,000 by 2027.
3. Spot Ethereum ETFs in the U.S. have attracted $2.3 billion in inflows this month, offsetting 450,000 ETH issued since the Ethereum network's 'merge' in September 2022.
4. Coinbase's 'Everything Is Fine' ad, claimed to be banned by British TV networks, is reportedly playing on UK TV Channel's YouTube.
Description
Two years after Rain Lõhmus admitted he lost access to a presale wallet, the stash is now worth over a billion, at least on paper.
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