Dormant Ethereum ICO Wallet Awakens: $263 Turns to $2.82M After 10.4 Years, Funds Move to Coinbase
A wallet that slept through crypto's wildest years just woke up a millionaire.
The Long Nap Pays Off
For over a decade, this wallet sat untouched—a digital time capsule from Ethereum's initial coin offering. The holder bought in with a modest sum, then seemingly forgot about it. While markets boomed, crashed, and boomed again, the assets inside just sat there, appreciating in silence.
The Big Move
That silence broke recently when the wallet's owner finally stirred. In a single transaction, the entire balance—now worth a fortune—was transferred to a major exchange. The move from cold storage to a liquid platform like Coinbase typically signals one thing: an intent to sell or trade.
Timing the Un-timed
There's a certain irony in an ICO participant, who arguably showed early vision, demonstrating absolutely zero market timing for over ten years—only to finally act now. It's the ultimate 'set it and forget it' strategy, accidentally perfected. A stark contrast to the frantic day-traders and leverage junkies who've come and gone in the interim.
While some onlookers might call it luck, the numbers tell a story of patience that would give any hedge fund manager an ulcer. The crypto graveyard is full of 'smart' trades; sometimes, the dumbest move—doing nothing—wins. Just ask the traditional finance guys still waiting for their blockchain 'killer app.'
A blockchain wallet that participated in Ethereum's 2015 ICO and stayed dormant for over a decade has suddenly reawakened, realizing an extraordinary 10,684x profit. The unexpected activity immediately caught the attention of major blockchain analytics platforms, including Lookonchain and Whale Alert, both of which reported the awakening on X.
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