A wallet belonging to one of the participants in the Ethereum initial coin offering (ICO) has made a transaction for the first time in over ten years, transferring 100.275 ETH to a new address. The last movement of funds from this wallet was recorded during the ICO period, after which it remained inactive for more than a decade.
This is reported by Business • Media
Transaction Details and Investment Profit
The ICO participant initially invested only about $124, for which they received 401.1 ETH. At the time of the last transaction, the value of these tokens was estimated at approximately $835,000. This means that if the investor had decided to liquidate all received assets, their profit could have reached over 6700 times the initial investment.
“They invested only $124 in the ICO and received 401.1 ETH — now worth $835,000, representing a 6716-fold profit!”
According to the analytical platform Lookonchain, the transfer was made from a wallet with the address 0xF37b. The transaction amount was 100.275 ETH, which corresponds to approximately $195,000 at the time of the operation.
Reactions and Discussions in the Crypto Community
In the X community (formerly Twitter), users noted the successful long-term strategy of the investor, who did not engage in trading, leverage, or other risky actions. One commentator emphasized that “$124 turned into $835,000 in ten years,” highlighting the importance of patience in the cryptocurrency market.
Some users speculate that the transfer may be a preparation for selling part of the assets or changing the method of storing the coins. Others point out that even with significant profits, liquidating such volumes of ETH can be challenging due to potential price slippage during large transactions.
As of March 2026, the price of Ethereum hovers around $1950.
ETH/USDT Chart on Binance. Data: TradingView.
There have been previous instances where wallets from the time of the Ethereum ICO were activated and transferred significant amounts — notably, one such wallet recently transferred 2000 ETH.