Short News View Non-AMP

Ethereum ICO Whale Moves $6M ETH After 8 Years

Published by
Sohrab Khawas

An early Ethereum ICO participant has finally moved 1,500 ETH worth $6 million to the Kraken exchange after nearly 8 years of inactivity. This investor originally bought 20,000 ETH during the ICO for about $6,220. The remaining 18,500 ETH they hold are now valued at over $80 million, representing a massive 12,971x return. This move highlights the incredible long-term gains early Ethereum backers have seen as the network matures and evolves.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

XRP Outshines Bitcoin and Ethereum with Record Q3 Surge and $170B Market Cap

The crypto market is turning its attention to XRP, which continues to outperform major players,…

October 29, 2025

Ethereum Fusaka Upgrade Goes Live on Final Testnet Ahead of December 3 Mainnet Launch

Ethereum is gearing up for one of its biggest upgrades yet, the Fusaka fork, which…

October 29, 2025

Avalanche Price Prediction 2025, 2026 – 2030: Will AVAX Price Hit $100?

Story Highlights The live price of the Avalanche is . Price predictions for 2025 suggest…

October 29, 2025

Algorand Price Prediction 2025, 2026 – 2030: Will ALGO Price Hit $1?

Story Highlights The live price of the Algorand is Price predictions suggest ALGO could reach…

October 29, 2025

How Did the Bitwise Solana ETF Perform Compared to Bitcoin and Ethereum?

The long-awaited launch of the Bitwise Solana Staking ETF (BSOL) on October 28 marked a…

October 29, 2025

Hyperliquid Price Prediction 2025, 2026 – 2030: Will HYPE Price Hit A New ATH?

Story Highlights The live price of the Hyperliquid crypto is . The 2025 HYPE price…

October 29, 2025