Sleeping for ten years! Ethereum ICO Wallet transferred out 1.5 million USD ETH, with a cost price of only 104 USD.

On-chain data shows that a dormant early investor wallet, which has not had any activity since the Ethereum ICO in 2014, recently woke up and transferred 334.7 ETH to a new address. At current prices, this is worth nearly $1.5 million. The purchase cost of this ETH back then was only $104, and cashing out would yield an astonishing return of about 14,269 times.

The Transfer After Ten Years of Silence

The blockchain analysis platform Lookonchain first discovered this transaction, showing that the Wallet conducted a test transaction before transferring out ETH, and then transferred all assets into a "clean Wallet." Currently, the new Wallet has no further activity, and it is unclear whether the holder plans to sell.

This Address has been dormant since participating in the ICO in July 2014. The Ethereum network officially went live on July 30, 2015, and this year it celebrates its tenth anniversary, becoming the second largest blockchain in the world after Bitcoin.

Long-term dormant wallets frequently awaken

Recently, multiple long-dormant cryptocurrency Wallets have become active in the market, including a Bitcoin transfer transaction valued at up to 9 billion USD from the Satoshi Nakamoto era, facilitated by Galaxy. It is noteworthy that these large transfers have not caused a significant impact on BTC prices.

US Spot ETH and BTC ETF Decline After Peak

In the ETF market, after the US spot Ether and Bitcoin ETFs set historical trading volume and capital inflow records, there was a slight outflow of funds last Friday.

Spot Bitcoin ETF: Overall net outflow of $14.13 million, ending seven consecutive days of inflows.

BlackRock IBIT: Inflows of $114.4 million against the trend, with a trading volume of $2.64 billion.

Grayscale GBTC: Outflow of 81.8 million USD

Ark & 21Shares ARKB: Outflow of $46.7 million

Spot Ethereum ETF: Overall net outflows of $59.3 million, but last week's trading volume reached $18.2 billion, setting a historical high, nearly matching Bitcoin ETF's $21.2 billion.

BlackRock ETHA: Inflows of $338.1 million, recording inflows for ten consecutive days, with AUM reaching $15.7 billion (accounting for 2.9% of ETH's total market cap)

Fidelity FETH: Outflow of 272.2 million USD

Grayscale ETH: Outflow of 101.7 million USD

Structural Changes in the ETF Market

Despite the overall net outflow, BlackRock's Bitcoin and Ethereum ETFs continue to attract significant capital, indicating that institutional investors still have strong long-term allocation demands for leading assets.

Nate Geraci, the CEO of NovaDius Wealth, pointed out on X: "This week, the trading volume of spot cryptocurrency ETFs reached an all-time high, especially with the ETH ETF completely breaking the previous weekly trading volume record."

Conclusion

A dormant Ethereum ICO Wallet that has been asleep for ten years has awakened, intertwining with the market backdrop of a slight pullback after the peak of the US spot ETH and BTC ETFs, adding a new observation point to the crypto market.

The trends of long-term holders and ETF fund flows may become key signals affecting the price movements of ETH and BTC in the coming weeks.