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Cryptocurrency is anonymous, making it difficult to determine who owns what. Even some of the biggest whales, who have the biggest influence on the cryptocurrency market, can maintain their anonymity.

Usually, that isnt a matter of concern but is actually one of the reasons people seek crypto out.

However, this particular case, which is maybe the biggest mystery to date, demands your immediate attention. Continue reading to learn more.

In a recent tweet by the director of Coinbase, Conor Grogan, he mentioned one of the most mysterious addresses in all of crypto. He managed to dig up data on an Ethereum address that has been completely untouched since the ICO by Vitalik Buterin and other co-founders of the second-largest blockchain platform in the summer of 2014.

This address bought $75k worth of ETH at the ICO in the year 2014. It is a completely untouched wallet and has never made a single transaction. The wallet $400M+, a 5333x. It received $6.5M in airdrops just by holding (a 87x on initial investment alone).

There are three possibilities for something like this happening, lets understand in detail.

Firstly, the holder could have diamond hands. When it comes to cryptocurrency, having diamond hands means having the fortitude to hang onto your holdings even when they fall in value during a bear market until they start to become extremely profitable.

Investors with diamond hands have the conviction to hold onto their investments even when everyone else is selling and to resist the urge to panic-sell when the markets tumble. Diamond hands are a show of dedication to an asset and suggest knowledge of the possible advantages of long-term investment in a cryptocurrency project.

Secondly, the holder might have simply lost their keys. Conor also believes that the most likely outcome is that the user lost the keys. This has happened before too. James Howells accidentally tossed away the Bitcoin on a hard drive while cleaning the house. Now that the Bitcoin is thought to be worth 150 million ($184 million), he plans to spend millions of dollars excavating a Newport landfill in an effort to discover the missing hard drive.

Finally, it couldve so happened that the user might have died. Once the owner dies, instead of being treated as cash in a bank account, they are considered assets. However, because these assets exist only in virtual form and are encrypted, they can be nearly impossible for surviving heirs to find.

Excerpt from:

Top Reasons Why This Ancient Ethereum Whale Holding $440 Million Has Never Liquidated - Coinpedia Fintech News