Ethereum ICO Whale Wakes After 10.8 Years — $245 Investment Now Worth $1.79M!

A dormant Ethereum ICO participant, identified by the wallet address "0xeD41", has moved 790.17 ETH — valued at approximately $1.79 million — to a new wallet after sitting completely idle for nearly 11 years. The transfer marks one of the longest-dormant ICO wallets to resurface in recent memory.

The original investment was just $245 at the time of Ethereum's 2014 ICO, which granted the holder 790.17 ETH at the historic sale price. That stake has since appreciated 7,303x, a return that underscores just how transformative early Ethereum exposure proved to be for those who held through every cycle.

The wallet movement is a reminder that a significant pool of early ICO ETH remains unaccounted for in circulating supply — and that dormant wallets waking up can carry both symbolic and market-structural weight.