- Dormant Ethereum ICO whale awakens with 1M ETH now valued at $4.3B.
- Whale stakes 150,000 ETH worth $645M after eight years of inactivity.
- Whale still holds 850,000 ETH with retail and institutions buying ETH.
An Ethereum investor who joined the 2014 Initial Coin Offering has reactivated after eight years of silence. The whale had received one million ETH for around $310,000 during the ICO. Today, that same amount of ETH is worth about $4.3 billion.
Blockchain tracking service Lookonchain reported that the investor moved 150,000 ETH, valued at $645 million, to a new wallet for staking. This marks the first major activity from this wallet since 2017. The remaining 850,000 ETH is still split between two wallets.
Large Ethereum Purchases From Institutions and Retail Whales
Alongside the activity from the ICO whale, recent data shows other large buyers continue to accumulate ETH. In the past two days, institutions and retail whales purchased around 218,750 ETH worth $942.8 million.
Among them was Bitmine, connected to Fundstrat’s Tom Lee. The company acquired 69,603 ETH valued at $300 million through BitGo and Galaxy Digital. Five other newly created wallets also bought 102,455 ETH worth about $441.6 million using FalconX.
Ethereum Price Growth and Market Outlook
Ethereum’s price has risen in recent days. At press time, it trades at $4,396.82, recording a 0.24% increase in 24 hours. The price also rose 3.55% within two days, moving above $4,420.
Ethereum reached a new all-time high of $4,946.05 earlier in 2025 after four years without setting a record. Standard Chartered recently projected ETH could reach $8,000 by 2026, with long-term estimates of $26,000 to $35,000. Geoff Kendrick from the bank described the $8,000 target as a milestone toward these higher levels.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
