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Data shared by Lookonchain shows the wallet originally acquired the ETH during Ethereum’s 2014 initial coin offering (ICO) for around $620. At current prices, that position has grown into a 9,435x return, making it one of the most striking long-term gains in crypto history.Data shared by Lookonchain shows the wallet originally acquired the ETH during Ethereum’s 2014 initial coin offering (ICO) for around $620. At current prices, that position has grown into a 9,435x return, making it one of the most striking long-term gains in crypto history.

Dormant Ethereum ICO Wallet Awakens After 10 Years, Turns $620 Into $5.85M

2025/12/25 15:25

News Brief

An Ethereum ICO-era wallet that had remained inactive for more than a decade has suddenly come back to life, moving 2,000 ETH worth approximately $5.85 million, according to on-chain analytics firm Lookonchain.

From $620 to $5.85 Million

Data shared by Lookonchain shows the wallet originally acquired the ETH during Ethereum’s 2014 initial coin offering (ICO) for around $620. At current prices, that position has grown into a 9,435x return, making it one of the most striking long-term gains in crypto history.

Lookonchain’s on-chain tracking:
https://twitter.com/lookonchain

First Movement in Over a Decade

The transfer marks the first recorded activity in more than 10 years, classifying the wallet as a long-dormant “OG” Ethereum address. Such movements often attract attention because they may signal:

Profit-taking by early investors
Estate or key recovery events
Security migrations to new wallets
Preparation for exchange deposits or OTC sales

At the time of writing, there was no confirmed evidence that the ETH was sent directly to an exchange.

Market Impact and Sentiment

Large movements from early ICO wallets can spark short-term speculation, but analysts note that 2,000 ETH is relatively small compared to Ethereum’s daily trading volume. As a result, the transfer is unlikely to have a meaningful immediate impact on ETH’s price.

Ethereum market data:
https://coinmarketcap.com/currencies/ethereum/

A Reminder of Ethereum’s Long-Term Thesis

The transaction serves as a powerful reminder of Ethereum’s long-term growth trajectory and the asymmetric returns available to early believers. From a nascent smart contract platform to a core layer of global crypto infrastructure, Ethereum’s evolution has rewarded patience as much as timing.

More on Ethereum’s early history:
https://ethereum.org/en/history/

Looking Ahead

On-chain analysts will continue monitoring the wallet for additional movements, as further transfers could indicate selling intentions or redistribution. For now, the event stands as another milestone illustrating the extraordinary long-term upside of early crypto adoption.

Market Opportunity

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Disclaimer: The articles published on this page are written by independent contributors and do not necessarily reflect the official views of MEXC. All content is intended for informational and educational purposes only and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC. Cryptocurrency markets are highly volatile — please conduct your own research and consult a licensed financial advisor before making any investment decisions.