Whale From Ethereum’s ICO Moves $646M After Years of Inactivity

An early Ethereum investor has made one of the largest staking deposits recently by moving 150,000 ETH, which is worth about $646 million, back into circulation.

Key Details:

• The investor acquired 1 million ETH during the 2014 ICO at a cost of $310,000, effectively buying each ether at $0.31. This position’s current value is near $4.3 billion.
• Despite this transaction, 105,000 ETH remains held in two wallets, estimated at $451 million.
• The wallets had not seen activity since February 2022.

This reactivation is part of a broader trend, indicating that dormant holdings are returning to the market, providing potential influences on the market dynamics as these funds are staked rather than sold.