“Steel HODL. Launched in July 2015, the Ethereum (ETH) blockchain previously went through a fundraising round, or ICO (initial coin offering), a year earlier (between July and September 2014). At that time, $18.5 million was raised in exchange for 60 million ethers of the future blockchain, pre-sold at an average price of $0.31 per ETH. One of the first investors […]”, — write: businessua.com.ua
Steel HODL. Launched in July 2015, Ethereum (ETH) blockchain previously held a fundraising round, or ICO (initial coin offering), a year earlier (from July to September 2014). Then it was involved 18.5 million dollars in exchange for 60 million ethers of the future blockchain, pre-sold at an average price 0.31 dollars for ETH. One of the first investors just now transferred his prehistoric ETH after a very long time HODL (long-term ownership). Does he want to start recording profits?
Key points of this article:
- One of the first Ethereum investors transferred 6 million dollars to ETH after almost 8 years of inactivity.
- Since the 2014 ICO, the address has achieved an extraordinary capital gain of +12,870% on its ethers.
In 2014, when Ethereum was still only a project Vitalik Buterin and co-founders of this blockchain network conducted an initial placement of coins ( ICO ), to attract funds to finance its development.
More than after 10 years some of these investors still retain theirs initial ETH created and distributed with block genesis during the launch of the blockchain July 30, 2015. And this Wednesday, October 29, 2025, blockchain transaction analytics LookOnChain opened on X awakening one of these ancient ethereal whales.
Thus, the address of the said whale has just been transferred to a cryptocurrency exchange Kraken no less 1500 ETH which at the current exchange rate is approx 6 million dollars . However, this address did not withdraw funds from January 2018 almost eight years ago.
A gigantic profit of +12,870% for 10 years on his airs According to data published by LookOnChain (see below), the address purchased 20,000 ETH only for 6,200 dollars during the Ethereum ICO. This amount is currently worth more than 80 million dollars which is an increase in +12,870% !
“An Ethereum ICO Participant just woke up after nearly 8 years of inactivity, depositing 1,500 ETH ($6 million) on Kraken for the first time.”
This OG (address 0x3690…) received 20,000 ETH during the genesis block, with a purchase price of $6,200, and is now worth $80.42 million, a 12,971x increase.
Early adopters of Ethereum, like Bitcoin, periodically emerge from their long hibernation after incredibly long periods of HODL. A year ago, in October 2024, one of these early investors made headlines selling 31,000 ETH during the 2014 ICO . This person lost $46 million by not continuing its HODL as one ETH was worth $2,500 back then, compared to $4,000 today.
Source: journalducoin.com
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