Ethereum ICO Whale Moves $1.19B in ETH After 10-Year Dormancy

An Ethereum address from the 2015 ICO transferred 39,995 ETH worth approximately $1.19 billion on November 30 after remaining inactive for over a decade, data show. The holdings were acquired at $0.31 per token, representing an unrealized gain of nearly 9,639 times. Separately, institutional entity Bitmine received 16,693 ETH from FalconX, reflecting continued institutional engagement with Ethereum.