"An Ethereum Genesis Address holding 790 ETH transferred $1.78M on May 13, 2026, after sitting untouched since 2015. The 7,300x return on a $244 investment signals ongoing awakening of early Ethereum ICO wallets in 2026. Whale Alert flagged the move to a fresh wallet, with no exchange deposits detected yet, keeping sell pressure unclear."
"The address, labeled on Etherscan as a Genesis Address and identified by the string 0xed41e1a28f5caa843880ef4e8b08bd6c33141edf, received 790.174 ETH directly at Ethereum's genesis block on July 30, 2015. That allocation came from the project's pre-mine and initial coin offering ( ICO) distribution. At the time, ETH traded around $0.31 during the 2014 crowdsale, putting the initial value of the wallet at approximately $244."
"The address recorded zero outgoing or incoming transactions from 2015 through May 12, 2026. That stretch covers roughly 3,940 days, or 10.8 years. Around 21:47 UTC on May 13, 2026, the wallet became active. It first executed nine small test transactions, including dust amounts near 0.0000001 ETH. The holder then moved approximately 790.1739 ETH across two transfers, 1 ETH followed by 789.17388714 ETH, to a brand-new receiving address."
"At approximately $2,257 per ETH at the time of the move, the transferred balance carried a value near $1,782,979. Whale Alert was the first major onchain monitoring account to flag the transfer publicly. The math on the return is straightforward. A $244 entry at genesis pricing grew to roughly $1.783 million at the time of the move. That represents approximately a 7,300-fold return over 10.8 years."
A genesis Ethereum wallet received 790.174 ETH at the genesis block on July 30, 2015 from the project’s pre-mine and ICO distribution. The address recorded no transactions from 2015 through May 12, 2026, spanning about 10.8 years. On May 13, 2026 around 21:47 UTC, the wallet became active with nine small test transfers, including dust amounts near 0.0000001 ETH. It then moved approximately 790.1739 ETH in two transfers to a newly created receiving address with no prior history. The transferred value was about $1,782,979 at roughly $2,257 per ETH, while the original wallet retained a tiny residual balance.
Read at news.bitcoin.com
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