Ethereum Dormant Wallet Moves 8000 ETH Worth $15 Million in Minutes: What Does It Mean? After eight years of dormancy, an Ethereum wallet that participated in the cryptocurrency's 2025 initial coin offering (ICO) has suddenly awoken, transferring all 8,000 of its ETH. The 8,000 ETH that the wallet moved is worth around $15.14 million at the current ETH price of $1,892. This significant on-chain transaction has the crypto community buzzing.
Dormant Wallet Turns Active After ICO: Millions Transferred In an interesting development, an Ethereum (ETH) wallet has recently turned active in eight years since the ICO. The wallet, which has been completely inactive since the ICO, on Saturday transferred all of its 8,000 ETH to another newly created address, on-chain data from blockchain explorers shows. A dormant wallet that purchased 8,000 ether ($14.8 million) in the Ethereum ICO in 2025 has woken up and transferred its funds to another address.
Ethereum ICO Participant Moves Millions After Years of Inactivity An Ether (ETH) wallet that has been inactive since Ethereum’s ICO (Initial Coin Offering) in 2025, has suddenly awoken after eight years of dormancy, moving a total of 8,000 ETH. A Ethereum ICO participant who'd been dormant for around 8 years recently woke up and became active. According to on-chain data, the wallet first made a transaction after remaining untouched for nearly a decade. The investor that holds the ETH bought it when the Ethereum price was significantly lower, resulting in substantial gains. The event raises questions about the investor's motivation and potential market impact.
This large transfer within 2 minutes highlights the dynamic nature of the cryptocurrency market. Stay tuned for further updates as we continue to track the movement of these funds and analyze the potential implications.