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Decade-Old Ethereum ICO Address Transfers 39,995 ETH Worth $119.4M

An Ethereum ICO address (0x2dCA) dormant for over 10 years was activated on November 30, transferring 39,995 ETH valued at approximately $119.4 million, Lookonchain data show. The address conducted a test transaction of 5 ETH to a new address before moving the remaining balance. The wallet had acquired 40,000 ETH during the ICO phase for about $12,400, representing an unrealized gain of approximately 9,639x at current prices.
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