Ether ICO-Era Whale Reawakens After 10 Years, Raking In Astonishing 787,000% Profit
2025-07-04 05:39:51
Main Idea
An Ethereum ICO-era whale reawakened after 10 years, transferring 1 ETH and turning a $310 investment into $2.44 million, sparking speculation about potential selling activity.
Key Points
1. A wallet that participated in Ethereum’s ICO acquired 1,000 ETH at $0.31 per token ($310 total) and transferred 1 ETH after 10 years of dormancy.
2. The whale’s initial $310 investment is now worth $2.44 million, representing a profit of approximately 787,000%.
3. ETH is currently trading at $2,459, down 49.8% from its all-time high in late 2021.
4. The transaction follows another recent move where a dormant whale sent $12 million worth of ETH to Kraken, suggesting potential selling intentions.
5. Anthony Scaramucci predicted Solana’s SOL could overtake ETH in market cap, though he provided no timeline.
Description
In a surprising turn of events, an unidentified Ethereum user who participated in the genesis initial coin offering (ICO) suddenly sprang to life on June 29 after an entire decade of dormancy, sparking discussions around what the intention of this could be. ETH Holder Turns $310 Into $2.44 Million A wallet that participated in Ethereum’s ICO and acquired 1,000 ETH at an ICO price of $0.31 per token, equivalent to $310, made waves on Sunday as it transferred 1 ETH, according to data from blockcha...
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