In the past three months, three Ethereum ICO wallets have resumed token transfers after nearly a decade of inactivity.

Long-term Ether (ETH) holders are becoming more engaged this fall as the cryptocurrency nears its historical highs. According to Santiment’s analytics tool, significant amounts of older Ether have started to move, indicating that previous ICO holders are ‘awakening’ from their prolonged dormancy.

September witnessed substantial spikes in long-term holder activity, particularly noted by an increase in the ‘age consumed’ metric, which tracks the total Ether changing hands multiplied by the duration since the last movement.

Numerous notable movements occurred in September, with transactions reaching 502 million on September 6 and climbing to 603 million by the end of the month—marking the year’s greatest activity outside of July’s peak.

ICO-Era Ether Holders Come to Life

Among the fascinating developments is a whale who transferred 1,500 Ether to the crypto exchange Kraken after receiving 20,000 tokens during the Ethereum ICO, marking the first transaction in eight years. Initially valued at just over $6,000, these tokens have now appreciated to over $78 million.

Additionally, two other ICO holders became active in August and September, moving significant amounts of Ether for staking.

One participant who had received a total of 1 million Ether in three transactions initiated several transfers, including 150,000 Ether to a new wallet. The original investment for this Ether during ICO was approximately $310,000 but is currently valued over $3.9 billion.

Conversely, a minor holder executed their first transaction in ten years, transferring a mere 0.001 Ether as a test, having obtained only 158 Ether for $49 during the ICO rollout.