An Ethereum ICO-era whale transferred 5,000 ETH after 11 years of dormancy, with 1,500 ETH sent to a centralized exchange worth approximately $3.45 million. The wallet originally acquired 100,000 ETH during the 2015 ICO at $0.311 per token, representing a total cost of $31,000.
Six months after the initial purchase, the whale sold 50,000 ETH at $5.47 each, realizing $274,000 in proceeds—a 17x return on that portion. The remaining 50,000 ETH sat untouched until October 26, when on-chain analyst Yu Jin detected the first movement in over a decade. Within two hours, 5,000 ETH left the dormant address, signaling potential liquidation activity from one of Ethereum's earliest investors.
Ethereum ICO Whale Breaks 11-Year Silence, Moves 5,000 ETH Worth $11.5M
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