An Ethereum whale wakes from slumber and shakes up the markets.
An inactive Ethereum wallet from 2015 just transferred $23 million in ETH. Is this a harbinger of what's to come? Amidst restructurings and speculations, Ethereum whales are on the move… But what are they really plotting for the future of cryptos?
In short
A major investor from the 2015 ICO transferred 10,000 ETH ($23 million) after 11 years of dormancy.
Analysts prefer a custody restructuring over a massive ETH sell-off.
It won't have a huge impact on the crypto market, but it's a sign of maturity for Ethereum.
An ICO whale of Ethereum stirs after 11 years: $3,100 turned into $23 million.
On April 28, 2026, a significant Ethereum investor, inactive since 2015, finally took action. The 10,000 ETH acquired at $0.31 during the ICO is now valued at $23,125 million, yielding a 7,500 times return on the initial investment. The transaction, validated in block 24981821, moved almost all funds to a new address (`0x5C96F…`), sparking speculation.
Contrary to fears of a mass sell-off, analysts lean towards a custody restructuring or private key recovery. In September 2025, another major investor had already transferred $645 million to a staking service, without affecting the crypto market. The same scenario plays out here: no sell-off, but active asset management. With a daily trading volume of $15 billion in ETH, a $23 million transaction goes unnoticed. Proof that early users prioritize security over speculation.
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