An Ethereum ICO wallet moved 1 ETH after 10 years while holding 999 ETH now worth over $2.44 million.
The transfer did not involve any exchanges, indicating full control of the original private keys.
Analysts are monitoring the address as no further movement has occurred since the transaction.
An early ETH investor has moved 1 ETH from an inactive wallet after nearly a decade of no transactions. The trade occurred on the Ethereum blockchain on June 30, raising questions about the reason behind the activity. Blockchain data shows the wallet received its funds during the Ethereum Genesis sale in 2015. It originally held 1,000 ETH, which was bought for just $310.
https://twitter.com/RoundtableSpace/status/1939530582704394563 Wallet Activity Resurfaces After Long Silence
The long-dormant address, identified through on-chain records, had been inactive since acquiring the ETH ten years ago. At the time, the tokens were obtained directly through Ethereum's initial coin offering (ICO). The recent transfer of 1 ETH from the original wallet was made to a fresh address. The receiving wallet had no prior activity, indicating a possible new custody setup.
On-chain tracking platforms confirmed that the 1 ETH transfer occurred without interaction with centralized exchanges. This means the user possessed full control over the private keys for nearly a decade. No extra tokens were moved, and the remaining 999 ETH, now valued at around $2.44 million, remain in the original address.
Token Value Rises from $310 to Over $2.4 Million
During the Genesis sale in 2015, 1,000 ETH could be purchased for approximately $310. Since then, the value of Ethereum has increased significantly. As of June 30, CoinMarketCap data indicates that ETH is priced at $2,482, making the original stash worth more than $2.4 million.
Source: CoinMarketCap
A deeper analysis of the price trend indicates that the asset opens the market during the Asian trading session with a value of $2,434 before surging to the current levels that confirm a 1.79% uptick in the last 24 hours.
The transaction marks one of the latest movements from early Ethereum holders. Data shows similar dormant wallet activity in past months, typically involving small transfers as a preliminary action. These events are often followed by either large-scale moves or reallocation to new storage solutions.
On-Chain Records Show No Exchange Interaction
Further analysis confirms the wallet involved in the transfer has no ties to known exchange platforms. This supports the assumption that the ETH was not liquidated or sold on the open market. Instead, the move may represent internal wallet reorganization or preparation for a future transaction.
No additional tokens or ERC-20 assets were included in the transaction. The receiving address now holds the single ETH with no further transfers as of this writing. Blockchain analysts frequently monitor movements from early token holders, particularly those inactive for several years.
These transfers often signal changes in long-term holding strategies or preparations for major moves. While no further activity has occurred from this address, the market continues to track any additional transfers. The wallet remains funded with the original 999 ETH, now significantly more valuable than at the time of purchase.
