According to @OnchainLens, an Ethereum ICO participant has moved 2,000 ETH valued at $5.85 million after 10.4 years of dormancy (source: @OnchainLens). According to @OnchainLens, the participant originally invested $620 during the Ethereum ICO, implying a 9,438x return on cost (source: @OnchainLens). According to @OnchainLens, the on-chain address is 0x34958a46D30e30B273ecc6E5D358A212e5307e8C, allowing market participants to monitor any subsequent transfers (source: @OnchainLens). According to @OnchainLens, the update did not specify whether the moved ETH was sent to an exchange or another self-custody wallet, so the transfer destination is not disclosed (source: @OnchainLens).

According to @lookonchain, an Ethereum ICO wallet beginning with 0xbDb6 transferred its entire 2,000 ETH (about $5.96M) to a new wallet after more than 10 years of inactivity, with the movement evidenced by the referenced Etherscan address (source: @lookonchain; Etherscan). According to @lookonchain, the wallet originally contributed $620 in the Ethereum ICO and received 2,000 ETH, now worth approximately $5.96M, marking a 9,616x return (source: @lookonchain). According to @lookonchain, the stated $5.96M value over 2,000 ETH implies an effective ETH price of roughly $2,980 at the time of the alert (source: @lookonchain).

According to PANews (@PANewsCN), an early Ethereum ICO whale deposited 2,000 ETH to Kraken after a one-year gap, a transfer valued at $7.92 million at the time, based on on-chain monitoring by analyst @ai_9684xtpa (source: PANews @PANewsCN; source: on-chain analyst @ai_9684xtpa). According to PANews (@PANewsCN), the address is tied to an ICO allocation totaling 310,000 ETH and still holds 15,000 ETH worth $58.73 million with a reported cost basis of $0.31 per ETH (source: PANews @PANewsCN; source: on-chain analyst @ai_9684xtpa). According to PANews (@PANewsCN), if the newly deposited 2,000 ETH were sold, the realized return versus cost would exceed 12,778x (source: PANews @PANewsCN; source: on-chain analyst @ai_9684xtpa).