According to Lookonchain, a dormant Ethereum ICO address has moved 40,000 ETH, originally bought for $12,400, marking massive gains after a decade of inactivity.
On November 30, Lookonchain reported that an Ethereum ICO wallet dormant for over 10 years became active, first sending 5 ETH as a test before transferring 39,995 ETH valued at $119.4 million. The wallet initially purchased 40,000 ETH during the 2015 ICO for $12,400, achieving an estimated 9,639x return at current prices.