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Dormant Ethereum ICO Wallet Moves 40,000 ETH After 10 Years
11/30/2025, 00:05
11/30/2025, 02:06
AI SUMMARY
●Ethereum ICO participant wallet wakes up after 10 years to move 40,000 ETH.
●Wallet value appreciated from ~$12.4k at ICO to ~$120M today.
●Funds were moved to a new personal wallet, not an exchange, easing sell-off fears.
An Ethereum address associated with the initial coin offering (ICO) has shown activity for the first time in over a decade. The wallet, identified as 0x2dCA, executed transactions drawing significant attention due to the massive appreciation of the assets held since the genesis era. This movement involved transferring the entire balance of 40,000 ETH, currently valued at over $120 million, to a new wallet address.
On-chain analysis indicates that the funds have not yet been moved to an exchange for sale, easing immediate fears of a market sell-off. The assets were originally acquired in 2015 at a price of approximately $0.31 per ETH, representing a return of over 9,000x on the initial investment. The funds remain in self-custody.
[Update 1] Additional reports confirm the transfer of 40,000 ETH (worth ~$120 million) from the dormant ICO participant's wallet to a new private address. The move, occurring after 10 years of inactivity, has not signaled any liquidation intent as the funds remain off exchanges.