Dormant Ethereum ICO Address Activated After 10 Years, Moves 39,995 ETH Worth $1.19B

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.