$ETH ICO Wallet Stakes $120M After Decade Dormant


An $ETH wallet holding 40,000 tokens purchased during the 2015 genesis block launch has moved its entire $120 million holdings into staking rather than selling. The decade-old wallet paid approximately $12,000 for the position, according to blockchain data platform Lookonchain.


The original Ethereum ICO participant chose to stake rather than deposit funds to a #cryptocurrency exchange, suggesting conviction in the network's future. The move contrasts with recent activity from other early holders who have been selling portions of their positions.


Another ICO-era wallet holding 254,908 tokens began selling on Nov. 26, offloading 20,000 $ETH initially before gradually reducing holdings to just $9.3 million as of Saturday. A separate holder who accumulated 154,076 $ETH starting in 2017 sent 18,000 tokens to Bitstamp after previously selling 87,824 tokens at an average price of $1,694.


A larger wallet that awoke after eight years in September also opted for staking, moving 150,000 of its 1 million tokens acquired during #Ethereum's genesis to a new wallet for that purpose. The mixed behavior among early holders reflects different strategies as the network matures.

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December 02, 2025 at 1:32 PM
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