10-Year ETH Whale Moves $23 Million

Massive Transfer from Old ICO Wallet Holding 10,000 ETH

An Ethereum ICO participant who had been inactive for over ten years transferred 10,000 ETH worth $23.1 million to a new wallet. According to Etherscan data, the address 0xCD5…7a336 executed this transaction on Tuesday evening. The participant had invested $3,100 during the ICO on July 30, 2015. The ETH detailed analysis platform Lookonchain shared this detail. At today’s price, this asset has gained 7,465 times in value.

Blockchain Data and Verification

Blockchain analysis platforms like Lookonchain and Etherscan confirmed the movement; the wallet had been untouched for years. Similar transfers often indicate preparation for a sale, but the exact reason remains unclear. Other old ICO participants have also awakened during Ethereum’s 2025 bull run. For example, a whale silent for three years moved its 150,000 ETH in September. Market observers interpret such movements as early liquidity signals. The Ethereum community continues to track these wallets from the ICO era.

ETH Current Price and Technical Analysis

Ethereum (ETH) rose 1.86% in the last 24 hours until 02:50 Wednesday morning, reaching $2,332.50. RSI at 54.24 is in the neutral zone, trend is sideways but Supertrend is giving a bearish signal. EMA 20: $2,296 providing support. Strong supports: S1 $2,291 (69/100 points), S2 $1,747. Resistances: R1 $2,475 (63/100), R2 $2,344. Still trading below last year’s peak of $4,946. ETH futures could revive with this movement.

Market Impact of Old Whales

The awakening of old whales could trigger a new momentum wave in the market and accelerate liquidity flow. These transfers could create volatility in the ETH spot market. Investors should monitor the R1 resistance.