Active for the First Time in 11 Years: Ethereum Whale Turns $620 Into Millions

An investor who participated in Ethereum’s pre-sale period has broken 11 years of silence, turning a $620 investment into millions of dollars.

In the cryptocurrency world, the movements of large investors known as “whales” are always followed with interest in the market. Recently, a wallet that was part of the ICO (initial coin offering) process during the early stages of the Ethereum network became active for the first time in exactly 11 years. The owner of this long-dormant wallet drew attention by transferring all their assets to a new address.

According to information shared by Lookonchain, which tracks on-chain data, the wallet address starting with “0x45BB” transferred all 2,000 Ethereum (ETH) in its possession to another wallet. This move by the investor once again showcased the massive appreciation in the value of digital assets over the years.

Massive Profit from Ethereum Pre-Sale Investor

Looking at the transaction details, it is observed that the investor in question invested only $620 in the pre-sale held before Ethereum was officially launched. Receiving 2,000 ETH in exchange for this small investment, the user kept their assets in the wallet for approximately 4,008 days without making any transactions. Under current market conditions, the total value of these assets has reached approximately $3.79 million.

The shared data shows that the wallet owner completely emptied the balance by first sending 1 ETH and then 1,998.998 ETH. The point reached today by this investment made 11 years ago represents an incredible return of approximately 6,113x. The cryptocurrency community generally views the awakening of such “sleeping giants” as preparation for a potential sale or a precaution taken for wallet security.