Ethereum ICO Whale Awakens After 10 Years, Nets 787,000% Return

An Ethereum whale from the 2014 ICO era has resurfaced after a decade-long dormancy, stunning the crypto community with a staggering 787,000% return. According to on-chain analytics platform Lookonchain, the wallet initially invested just $310 worth of ETH during Ethereum’s early days. This modest investment has now ballooned to approximately $2.44 million based on current market value.

The long-inactive address came back online on Sunday, initiating a small transaction of just 1 ETH—its first activity in ten years. Despite the minor transfer, the reawakening of such an old wallet has captured attention due to the astronomical gains and the whale’s potential market influence.

Ethereum (ETH) is currently trading at $107,490 per coin, down about 1% in the past 24 hours, according to CoinGecko data. The whale’s movement coincides with heightened ETH accumulation activity, as reported by U.Today, signaling renewed investor confidence and growing anticipation around Ethereum’s price trajectory in the current cycle.

Such rare awakenings from ICO-era investors often fuel market speculation, especially when large holdings are involved. While the transferred amount was small, market watchers are closely monitoring the wallet for any further activity that could impact price dynamics.

This event underscores the long-term potential of early crypto investments and highlights the enduring value of Ethereum in the evolving digital asset landscape. As the second-largest cryptocurrency by market cap, ETH continues to attract attention from both institutional players and early adopters alike.

For crypto investors and analysts, the return of this Ethereum whale serves as a powerful reminder of the wealth-generating possibilities tied to patience—and the significance of on-chain movements in understanding market sentiment.