From 104 USD to 1.5 Million: ETH Wallet 10 Years of Hibernation Suddenly Awakens

On-chain data tracked by Lookonchain shows that a wallet, which initially spent $104 in the 2014 Ethereum ICO, has transferred 334.7 ETH, worth nearly $1.5 million today. Before transferring the entire amount, the investor sent a small test transaction, and then transferred the entire balance to a new wallet with no previous transaction history.

Profit Potential 14,000 Times If investors decide to withdraw their funds, this move will mark one of the most extraordinary profits of cryptocurrencies — a profit level of approximately 14,269 times at the current price. The original wallet has not had any activity since the ICO, when Ethereum raised funds to build what would later become the second largest blockchain in the world. The Ethereum network officially launched on July 30, 2015, and recently celebrated its tenth anniversary. Non-Functional Wallets Widespread in Crypto The reappearance of Ethereum whales comes after a series of movements from wallets that have been inactive for a long time across the digital asset space. Just a few weeks ago, a Satoshi-era Bitcoin investor transferred $9 billion worth of BTC in one of the largest transactions ever, supported by Galaxy. Despite the large scale of the transaction, the price of Bitcoin remains relatively stable. The Market Position of Ethereum Today Ethereum is currently trading around $4,426, nearly flat for the day. Meanwhile, Ethereum spot ETF funds in the United States are witnessing record-breaking activity, recording an inflow of $2.9 billion last week along with trading volumes nearly matching those of Bitcoin ETF funds. This inflow underscores the growing role of Ethereum in institutional investment portfolios as the cryptocurrency enters its second decade.