
An early Ethereum ICO wallet, untouched for over a decade, moved 2,000 ETH today, realizing a $5.85 million value from an initial $620 investment.
An Ethereum ICO wallet (address 0x3495) transferred its entire 2,000 ETH balance, valued at $5.85 million, to a new wallet after being dormant for more than ten years. Originally funded with $620 during Ethereum’s 2014 ICO, the holdings have appreciated to deliver a 9,435x return. The move marks a rare instance of significant early ETH displacement, raising interest due to historical inactivity and large potential market impact.