A remarkable moment unfolded on the blockchain scene as an early Ethereum whale from the 2015 ICO era came back to life after a decade of inactivity — and with an incredible 787,000% gain on their investment.
🔹 1 ETH Transaction Sparks Speculation
This long-dormant wallet, which originally purchased 1,000 ETH during the Genesis sale for just $310, recently moved 1 ETH, likely as a test transaction. Still, the move has sparked community speculation: Is a massive sell-off looming?
At today’s price of $2,502 per ETH, the entire wallet would now be worth $2.44 million.
🔹 More Genesis-Era Whales Are Stirring
This isn’t an isolated case. In mid-June, another early Ethereum wallet with 2,000 ETH — originally acquired for only $620 — also reactivated. Today, those holdings are worth over $5 million, highlighting Ethereum’s astronomical growth since inception.
It appears some early ETH investors are using the current $2,500 consolidation zone to quietly test the waters — potentially preparing for bigger moves.
🔹 Profit-Taking or a New Bull Run?
The uptick in whale activity comes at a pivotal time:
🔹 ETH price surged 35% in Q2 2025
🔹 Ethereum spot ETFs saw a $283 million inflow last week alone
🔹 Short positions on ETH are stacking up — setting the stage for a possible short squeeze
Whale movements could shape the market's next direction. If they start cashing out, a short-term dip could follow. But so far, their cautious behavior may suggest they’re still holding — a potential sign that bullish momentum remains.
#Ethereum , #ETH , #cryptotrading , #CryptoInvesting , #CryptoWhale
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