Tracking Ethereum ICO addresses with 10,000x returns in 9 years

Ethereum’s Initial Coin Offering (ICO) in 2014 marked the beginning of this revolutionary blockchain platform. Early believers received their share of ETH in the genesis block. Interestingly, some of these users’ addresses have remained dormant since then, not moving their initial ETH holdings for 9 years, making a 10,000x profit. In this article, we’ll dive into their stories and provide you with some insights.

1. Still dormant Ethereum ICO addresses

Among the many addresses that received ETH during the ICO, a significant number never moved their holdings. Currently, there are 678 addresses that fall into this dormant category. These addresses hold a total of 1,529,755 ETH.

Why is it important to track the behavior of these addresses?

1. This shows the confidence these early believers have in $ETH and its future value growth.

2. It is a good practice to track dormant addresses as their behavior may affect the price of $ETH.

It is worth noting that the top dormant address now holds 250,000 ETH. This entity repaid $75,250 in 2014, and this money is now worth $460 million.

2. When was the first time that the Ethereum ICO address transferred ETH?

By examining the year in which an address first transferred ETH, we can gain some insight into the activity patterns of ICO participants.

Most ICO participants transferred (likely sold) their $ETH holdings before 2018 (when the Ethereum price reached $1,300 at the beginning of that year). Specifically, 4,119 (46.66% of the total) Ethereum ICO addresses first transferred $ETH in 2016, 2,159 (24.46% of the total) first transferred $ETH in 2015, and 1,438 (16.29% of the total) first transferred $ETH in 2017.

3. Track the remaining ETH balance of the ICO address

Of the 8,891 addresses that received ETH in the genesis block, some still hold a large amount of ETH. The current total balance of all ICO addresses is 1,847,631 ETH. This is equivalent to 3% of the initial ICO amount.

There are several addresses holding large amounts of ETH. Of the top 10 addresses, 6 are dormant, 3 have balances exceeding their ICO amounts, and the second address bought 560,000 ETH at the ICO and still holds 243,300 ETH.

4. Small investment, big potential

A total of 1,157 addresses (13%) spent less than $30 to purchase less than 100 ETH during the ICO. They received a total of 53,850.53 ETH, worth about $100 million, with an average of about $85,000 per address.

Of all these small investment addresses, 224 remain dormant, holding a total of 9,674 ETH.

5. Recent dormancy awakening events

Occasionally, addresses that have been dormant for a long time will suddenly show activity. Here are two notable dormant awakening events.

For example:

The first event involved the address 0x 8 b 505 E 2871 F 7 dEb 7 a 63895208 e 8227 dcAa 1 Bff 05, which transferred 61,216 ETH to another address, which deposited all funds on Kraken.

The second event was an address transferring its holdings to Coinbase for Ethereum staking.

in conclusion

The journey of Ethereum ICO addresses over the past nine years is both inspiring and symbolic of the confidence that early adopters had in this transformative blockchain platform. Many of these early investors (678 addresses) have held onto their initial investments even through the ups and downs of the cryptocurrency market.

While it is true that as $ETH has experienced peaks and troughs in valuation, most ICO participants acted before the significant price surge in 2018. However, the untouched wealth in some dormant accounts is a testament to the enduring confidence in Ethereum’s long-term potential. For everyone keen on digital currency, it will be interesting to watch what these early buyers do next.