Key Highlights
- A wallet connected to Ethereum’s 2015 ICO offloaded 11,552 ETH valued at approximately $23 million this past Thursday.
- Lookonchain’s analysis traced the address back to the original token sale participants.
- The initial purchase consisted of 38,800 ETH acquired for approximately $12,000 at $0.31 each.
- Thursday’s transactions executed at an average rate of $2,027 per token.
- Onchain tracking reveals the address moved 18,500 ETH prior to completing the sale.
A veteran Ethereum investor from the 2015 ICO liquidated $23 million in ETH this Thursday, according to blockchain tracking data. Lookonchain monitored the activity and published findings across social platforms. The transfers originated from an address associated with Ethereum’s genesis token distribution.
Major Ethereum Wallet Movement Detected Through Blockchain Analysis
Lookonchain documented that address “0xd64A…7ED7” initiated a transfer of 18,500 ETH worth $38.1 million. A receiving wallet subsequently liquidated 11,552 ETH for approximately $23.4 million. These transactions processed at an average rate of $2,027 per token.
The blockchain intelligence platform identified this wallet as belonging to an original ICO participant. Historical data indicates the investor secured 38,800 ETH for around $12,000. Each token cost approximately $0.31 during Ethereum’s 2015 crowdsale event.
Onchain verification confirms the wallet’s connection to Ethereum’s initial distribution phase. Based on current valuations, the address maintains holdings worth nearly $80 million. A substantial balance persists following the recent outbound movements.
According to Lookonchain’s report, “The ICO participant transferred 18,500 ETH and sold 11,552 ETH at $2,027.” The analysis drew from transparent onchain information. Etherscan documentation displays multiple outbound transactions corresponding to the liquidation.
The Ethereum Whale structured the operation through multiple smaller transfers. Available data indicates the sales completed within a compact timeframe. Ethereum’s blockchain captured every transaction as it occurred.
Market indicators positioned ETH around $2,027 throughout the documented trading period. Price monitoring revealed minimal volatility during the execution window. The network processed all transactions smoothly.
Genesis-Era Ethereum Holders Actively Liquidating Positions
This transaction follows similar activity from another ICO-era address earlier in the week. That separate wallet liquidated roughly 15,002 ETH valued at close to $31 million. Blockchain monitors tracked those funds flowing into Coinbase.
Onchain records suggest that particular wallet maintained its ETH position for approximately ten years. The Coinbase deposit represented the first significant outbound activity in years. The address retains additional holdings.
Archived records verify Ethereum conducted its crowdsale in 2015. Original backers purchased tokens at $0.31 during the fundraising event. Current ETH pricing reflects gains of several thousand percent from that entry point.
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