Early Participant Still Holds Over $7M Worth of Tokens After Latest Transfer
An early Ethereum investor from the project’s 2014 initial coin offering has transferred 2,300 ETH, worth about $9.9 million, to cryptocurrency exchange Kraken in a move spotted on-chain early Monday.
Blockchain analytics platform Lookonchain identified the sender address, “0x845…a210c”, noting that it now holds 1,623 ETH — roughly $7 million at current prices — after the transaction.
From $6,200 Investment to $86 Million Value
The so-called ICO whale originally received 20,000 ETH for just $6,200 during Ethereum’s fundraising phase, giving them a return on investment exceeding 12,000x at today’s prices. That stash is now worth around $86 million, even after multiple prior sales.
Past transactions from the address include:
- 3,000 ETH in November 2023
- 1,000 ETH in February 2024
- 250 ETH in December 2024
Monday’s transfer comes as Ethereum trades above $4,300, marking its highest level since December 2021 and reflecting a 1.64% gain over the past 24 hours.
Historic ICO That Shaped the Crypto Market
The Ethereum ICO, held between July 22 and September 2, 2014, raised $18.3 million by selling over 60 million ETH at an average price of $0.31 per token. At the time, 1 BTC purchased 2,000 ETH, later reduced to 1,337 ETH after pricing adjustments.
The fundraiser brought in 31,531 BTC to support Ethereum’s launch in July 2015, with 83% of the initial 72 million ETH supply distributed to ICO participants.
Accessible worldwide without investor restrictions, the sale remains one of the most profitable token offerings in crypto history, cementing Ethereum’s role as the foundation for decentralized finance and smart contracts.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.