A dormant address for 11 years has generated $23 million in broadcasts., 2026/04/29 12:15:38

A participant in the Ethereum initial coin offering (ICO) has transferred approximately 10,000 ETH to a new wallet from an address that had been inactive for nearly 11 years. This information was reported by the analytics platform Lookonchain, referencing the blockchain explorer Etherscan.

According to analysts, the address “0xCD5…7a336” received Ethereum on July 30, 2015, as part of its ICO participation. At that time, the value was $3,100. Based on the current exchange rate, 10,000 ETH is valued at around $23.1 million—an increase in value of 7,465 times. The reason for the transfer of funds remains unclear, but such transactions typically precede token sales.

At the end of March, a wallet belonging to a significant Bitcoin holder, which had been dormant for 13 years and seven months, transferred 0.00079 BTC (approximately $56). The amount of Bitcoin in the wallet at that time was valued at around $147 million. A few days following this transaction, the “whale” moved all of its crypto assets to an exchange and liquidated them. 

In January, another Bitcoin holder, who began accumulating coins in 2013, transferred their entire reserve of 909 BTC ($85 million) to a new wallet after more than 13 years of inactivity. The holdings of this “whale” appreciated by 13,900 times: the coins were initially purchased for less than $7 each. 

In light of this, analysts from the on-chain platform CryptoQuant noted that large Bitcoin investors have shifted from accumulation to distribution of the asset. Experts believe that this trend may hinder the growth of the leading cryptocurrency and the overall digital asset market.