Ethereum ICO Participant Moves Over 630 ETH After Nine Years

On December 27, an address involved in the Ethereum ICO executed its first outgoing transaction in over nine years, transferring 631.1 ETH ($2.08 million at the time of writing) to Coinbase. This activity was highlighted by Spot On Chain.

? Late Christmas gift redemption? An #Ethereum ICO participant returned after 9.4 years of dormancy and deposited 631.1 $ETH ($2.14M) to #Coinbase in the past 10 hours as the market rebounded!

In July 2015, this participant received 1,940 $ETH (then worth only $601) at the… pic.twitter.com/9o1qjlInWV

— Spot On Chain (@spotonchain) December 27, 2024

In July 2015, the address received 1940 ETH, which was valued at $601 at the time.

According to Spot On Chain, the user retains 1309 ETH ($4.3 million). The identity behind the tracked wallet remains unknown.

Previously, an Ethereum ICO participant “awoke” after eight years of inactivity, sending 0.01 ETH from an address holding 200 ETH.

In March, a wallet dormant for nearly 12 years moved all its 500 BTC, amounting to nearly $35 million. The user acquired the first cryptocurrency on July 14, 2012, at a price of $7.57.

In late July, an unknown Ethereum ICO participant moved 2000 ETH for the first time in nine years, distributing them across two new addresses.