"The wallet, identified by its address 0xCD59, participated in the Ethereum ICO in 2015, when ether was distributed at approximately $0.31 per ETH. The 10,000 ETH acquired for $3,100 is now worth $22.88 million, a 7,381x return over nearly 11 years."
"Onchain logs reveal the user executed meticulous security practices prior to the main transfer, specifically initiating two small test transactions of 0.005 ETH and 0.01 ETH to verify the receiving address before safely migrating the remaining 9,999.98 ETH bulk balance."
"The movement follows a pattern of early Ethereum wallets returning to activity in 2026. A separate wallet dormant for 10.6 years transferred 100.275 ETH to a new address in recent weeks, having originally spent approximately $124 in the same 2015 token sale."
A wallet identified as 0xCD59 transferred 10,000 ETH, valued at $22.88 million, after being inactive for over a decade. The original investment of $3,100 during the Ethereum ICO in 2015 resulted in a remarkable 7,381x return. The transfer was flagged by Lookonchain, indicating a trend of early Ethereum ICO wallets becoming active again in 2026. The user conducted test transactions to ensure the security of the receiving address before executing the large transfer, which was not routed to any exchange.
Read at news.bitcoin.com
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