Ethereum ICO Wallet Moves 2000 ETH Worth $5.85M After 10-Year Dormancy
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Longs pay
COINOTAG News, citing LookIntoChain on December 24, reports that an Ethereum ICO wallet (address 0x3495) has moved 2000 ETH from more than a decade of dormancy to a new address, signaling a liquidity event after a long hold.
At current valuations, the transfer equates to roughly $5.85 million, underscoring the outsized gains from an early ICO investment. The wallet reportedly originated from a single investment of about $620, producing a multi‑million‑dollar stake and an approximate 9,435x return.
The episode highlights enduring liquidity in legacy crypto assets and serves as a tangible example of long‑horizon value realization within crypto markets, without implying future performance or guarantees.