Derived from Bijing.com, a long-dormant Ethereum ICO wallet (0x2dCA...) has been reactivated after more than a decade. The wallet holds 40,000 ETH, initially purchased for $12,400 and now valued at $119.5 million. It first sent a test transaction of 5 ETH (around $15,000), followed by transferring the remaining 39,995 ETH to a new address (0x2602...). Similar activations have occurred recently, such as on August 11, when a wallet holding 20,000 ETH sold 2,300 ETH ($9.91 million), and on August 13, when a participant sold 4,283 ETH ($18.97 million), with a cumulative sale of 44,284 ETH since 2021. The motives behind these activations may include restoring access or rebalancing portfolios, though the intent remains unclear unless the funds reach an exchange.
Long-Dormant Ethereum Whale Moves $119M Worth of ETH After Over a Decade
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