Ethereum ICO Whale Awakens After 11 Years, Moves $5M in ETH

BitcoinWorld Ethereum ICO Whale Awakens After 11 Years, Moves $5M in ETH An Ethereum address that participated in the network’s initial coin offering (ICO) in 2015 has become active after roughly 11 years of dormancy, moving 2,680 ETH valued at approximately $5.04 million to a new wallet.

The transaction was flagged by blockchain tracking service The Data Nerd and has drawn attention from on-chain analysts monitoring early investor behavior.

Context of the Transaction The address in question is part of a cohort of wallets that received ETH during the network’s genesis phase, a period that now holds significant historical and market interest.

Dormant ICO-era wallets are closely watched because they represent supply that has been locked away for years, often belonging to early miners, developers, or early adopters who accumulated at extremely low prices.