Dormant Ethereum ICO Whale Wakes After 11 Years, Moves 0.1 ETH to Coinbase

BitcoinWorld Dormant Ethereum ICO Whale Wakes After 11 Years, Moves 0.1 ETH to Coinbase A dormant Ethereum address that participated in the network’s initial coin offering (ICO) nearly 11 years ago has suddenly become active, moving a small amount of ETH to the Coinbase exchange.

On-chain analyst The Data Nerd reported the transaction, noting that the address, which begins with 0x6A53, sent 0.1 ETH to Coinbase on [date of report].

This move is notable because the address had remained untouched since receiving 2,000 ETH during the Ethereum ICO in 2014, when it invested just $620.

At current prices, that initial stake is now worth approximately $3.83 million, representing an estimated return of about 6,184 times the original investment.