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<p>An early Ethereum investor who participated in the project’s initial coin offering (ICO) in 2015 has sprung back into action after lying dormant for almost the entirety of Ethereum’s existence so far. The wallet, labeled 0x942 by on-chain analytics firm SpotOnChain, <a href="https://platform.spotonchain.com/en/signal-details/eth-ico-participant-woke-up-after-nearly-9-years-of-dormancy-70097" target="_blank" rel="nofollow">transferred </a>its entire holding of 2,000 ETH (worth $6.71 million at today’s prices) to several newly created Ethereum addresses.</p> 
<p>The origins of the 0x942 wallet date back to the earliest days of Ethereum. It received the 2,000 ETH allocation from the genesis block on July 30th, 2015 – the day of Ethereum’s launch. With ETH trading at around $0.31 during the ICO crowdsale, the original investment into this wallet was just $620.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="547" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-1024x547.png" alt="" class="wp-image-458949" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-1024x547.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-767x410.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-1536x821.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-2048x1095.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-655x350.png 655w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087-788x421.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1087.png 1042w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: SpotOnChain
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<p>After nearly 9 years of inactivity, the 0x942 wallet finally awoke from its slumber this week. It distributed the 2,000 ETH stake across four new Ethereum addresses:</p> 
<ul> 
 <li>0x9b772d744ace43eb8641e9455582d28455b611a3 (receiving 1,200 ETH)</li> 
 <li>0x9a34a4f6af89b84d5eb127b4e931fa07e59ca881 (receiving 175 ETH)</li> 
 <li>0x14fb457498dcc1ed56dd2df2d733d3812d1fa482 (receiving 600 ETH)</li> 
 <li>0x2f17af3ca36e6d5eaa5ee8a65ba625234501ccb2 (receiving 25 ETH)</li> 
</ul> 
<p>Within hours, part of the ETH was already on the move again. 25 ETH ($84,100) from the 0x2f17 wallet was deposited to crypto exchange ChangeNOW, potentially to be traded or converted into another asset.</p> 
<p>The resurgence of this ICO whale after years of dormancy is reminiscent of times past when early believers in Ethereum took a longterm view. The enormousl appreciation in ETH’s price means the unfortunate investor who spent $620 to acquire the wallet’s 2,000 ETH has woken up to a stake worth over $6.7 million today.</p>  
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<p>Another documented whale wallet, 0x880, allegedly <a href="https://platform.spotonchain.com/en/signal-details/smart-trader-further-deposited-eth-to-okx-70065" target="_blank" rel="nofollow">bought </a>2,947 ETH for $6.85 million in early 2024 and has already booked $2.19 million in profit from that trade by depositing part of the holdings to exchange OKX.</p> 
<p>The 0x880 wallet is also deeply involved in other DeFi plays like staking on Lido and holds tokens like LDO, WLD, and RNDR – with an estimated $3.51 million in unrealized gains from those positions.</p> 
<p>It remains to be seen whether more and more of the project’s ICO participants will be inspired to retrieve their long-dormant stakes.</p> 
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 <li><a href="https://captainaltcoin.com/decoding-the-67000-jump-of-launchpad-token-for-this-bull-runs-forecast/" target="_blank" rel="noreferrer noopener">Decoding the 67000% Jump of Launchpad Token for This Bull Run’s Forecast</a></li> 
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<p>The post <a href="https://captainaltcoin.com/ethereum-eth-whale-wakes-up-after-nearly-9-years-of-dormancy/">Ethereum (ETH) Whale Wakes Up After Nearly 9 Years of Dormancy</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ethereum (ETH) Whale Wakes Up After Nearly 9 Years of Dormancy

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