Ethereum, the whale of the ICO era, earned 787,000% of profits

The owner of a large amount of Ethereum ETH $2,466.10 Bridged Ether (StarkGate) 0.35% Market capitalization $0.15 billion VOL. 24 hours $0.98 billion , who acquired the coins back during the ICO era, has recently become active after a long «hibernation». According to analytical platforms, this so-called «whale» bought ETH in 2015 at a price of about $ 0.31 per coin. In total, the investor’s portfolio has grown by more than $ 787 thousand since the purchase.

According to blockchain data, the wallet has not been used for almost nine years. Only recently, the owner transferred some of the ETH tokens to a new address, which aroused the interest of analysts and the community. Such activity is often seen as a potential signal of changes in the market, as large holders can influence the liquidity and price of an asset.

In the Ethereum market, such «awakenings» of old wallets are rare, but usually attract considerable attention, as they can be associated with both the sale of assets and the reassessment of long-term investment strategies.

Experts note that such cases emphasize that even after years of storing digital assets, investors can make a significant profit if they choose the right time to enter the market.

In general, the further actions of this Ethereum investor will be closely monitored by both traders and analysts, given the potential impact on the ETH market dynamics.

Note: The era of ICOs, or initial public offerings, is upon us:

The era of ICOs, or initial token offerings, became a real gold rush in the cryptocurrency world between 2016 and 2018. During this period, new blockchain projects raised millions of dollars en masse, often based on loud promises and presentations alone. Startups created their own tokens and sold them to investors in exchange for bitcoin or ethereum, promising that these digital coins would become part of a future revolutionary ecosystem. All this happened without regulatory oversight, making ICOs an affordable way to raise money for almost anyone — both true innovators and outright fraudsters.

In the wake of crypto euphoria, many people invested money, hoping to find the next bitcoin and get rich. However, most ICOs failed to meet expectations: some projects failed to deliver on their promises, while others turned out to be pyramid schemes. Eventually, the market began to cool rapidly, and investors began to count their losses. This attracted the attention of government agencies, which began to introduce regulations in an attempt to calm the chaos. The ICO era ended as quickly as it had begun, leaving behind a lesson about the risks of uncontrolled financial experiments.