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Dormant Ethereum ICO Wallet Moves $626K After Decade of Inactivity

An early Ethereum ICO participant moved 200 ETH after over 10 years, converting a $310 stake into millions and underscoring the long-term value growth of early crypto investments.

ETH

Summary

An Ethereum wallet from the 2014 ICO moved 200 ETH worth $626,000 after more than a decade of inactivity. The holder initially bought 1,000 ETH for $310, a stake now valued at $3.13 million, marking a 10,097x return on investment.

Terms & Concepts
  • ICO (Initial Coin Offering): A fundraising method where new cryptocurrencies are sold to investors before launching on exchanges.
  • ETH (Ether): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
  • ROI (Return on Investment): A measure of profit or loss relative to the initial investment, expressed as a percentage or multiple.