Dormant Ethereum ICO Address Activated After 10 Years, Moves 39,995 ETH Worth $1.19B
ETH/USDT
$6,206,664,490.61
$2,046.60 / $1,979.99
Change: $66.61 (3.36%)
-0.0003%
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COINOTAG News, citing LookIntoChain, reports that a dormant Ethereum ICO wallet address—0x2dCA—has reactivated after more than ten years of inactivity. This on-chain event highlights how aged ICO holdings can reawaken and draw fresh attention from investors and sector analysts.
Initial transfers show 5 ETH moved to a new address for testing, followed by a transfer of the remaining 39,995 ETH, valued at about $1.194 billion at current price levels. The move provides a rare data point for on-chain activity among legacy ICO allocations.
Originally purchased 40,000 ETH in the ICO phase for about $12,400, the position now stands at an estimated 9,639x return at current prices, underscoring the outsized long-term gains typical of select ICO-era holdings.