Ethereum Wallet Dormant for 10 Years Wakes Up, Moves $4.6M in ETH

An Ethereum wallet that had been inactive for more than a decade moved all 2,155 ETH—worth approximately $4.6 million—to another address.

The transfer, reported by Lookonchain on November 10, came from a wallet that participated in Ethereum’s presale. About two-thirds of the ETH held by the wallet came from the presale.

Paid $434 for 1,400 ETH in the presale

The wallet owner bought 1,400 ETH in Ethereum’s presale at $0.31 each. The ETH, purchased for a total of $434, was worth approximately $3 million at the time of the transfer.

The wallet later withdrew another 755 ETH from Bitfinex while Ethereum was trading at $11.74. Lookonchain’s post did not provide information about the reason for the transfer.

Not investment advice.