Ethereum ICO Wallet Moves on After a Decade, Now Investing in Staking

Jakarta, Pintu News – An ICO-era Ethereum wallet owner has decided not to sell his assets, but instead use them for staking. This shows a strong belief in the future of Ethereum.

Ethereum Whale Back Active

After ten years of silence, one of the big owners of Ethereum (ETH) is back in action. The wallet owned by this “whale” contains 40,000 ETH purchased for $12,000 at the time of Ethereum’s genesis block launch in July 2015. Today, the value of the asset has jumped to around $120 million.

Instead of selling the ETH on a crypto exchange, this wallet owner chose to stake the entire amount of ETH in his wallet. This move shows that the wallet owner has high faith in the Ethereum network and its future potential.

Also Read: 5 Signals Ethereum (ETH) Has Reached the Bottom After Dropping 28 Percent?

Another Whale Buying and Selling Action

Not all ETH owners from the early era chose to keep their assets. Another wallet owner who accumulated 254,908 ETH during the Ethereum ICO started selling his assets on November 26. This Whale sold 20,000 ETH in the first transaction and continued selling until only $9.3 million worth of ETH remained.

Meanwhile, another ETH owner who started his accumulation in 2017 has sent 18,000 ETH to crypto exchange Bitstamp. Previously, this whale had sold 87,824 ETH at an average price of $1,694.

ETH Top Holders Continue to Pile Up

Although some ETH holders from the early era chose to sell, the top holders still continue to increase the amount of ETH they own. As of last Wednesday, the amount of ETH owned by the top 1% addresses increased to 97.6%, up from last year’s 96.1%.

The Beacon Eth2 Deposit Contract holds the most amount of ETH at 72.4 million, which is worth around $203 billion and represents about 60% of the total supply. Binance and BlackRock are also among the top three largest ETH holders, with 4 million and 3.9 million ETH respectively.

Conclusion

The massive movement by ETH owners from the ICO era shows the diverse dynamics within the Ethereum investor community. Some choose to sell and take profits, while others, like the recently active wallets, choose to invest deeper through staking. This suggests a range of strategies and confidence in Ethereum’s future.

Also Read: 5 Facts about Bitcoin Price Drop to US$ 85,000 – Implications for Crypto Market!

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FAQ

Q1: What is Ethereum (ETH)?

A1: Ethereum (ETH) is a blockchain platform that allows developers to build and run decentralized applications (dapps).

Q2: Why do Ethereum ICO wallet owners choose to stake?

A2: The wallet owner chooses to stake as a form of long-term investment and shows confidence in the future of the Ethereum network.

Q3: How much ETH was sold by whale who started selling on November 26?

A3: The whale sold 20,000 ETH in the first transaction and continued to sell until only $9.3 million worth of ETH remained.

Q4: Who holds the most amount of ETH at the moment?

A4: Beacon Eth2 Deposit Contract holds the most amount of ETH with 72.4 million ETH, followed by Binance and BlackRock.

Q5: What was the impact of the sell-off by some early ETH owners?

A5: This sell-off may affect price fluctuations in the market as selling in large quantities can create downward price pressure.

Reference

• Cointelegraph. Ethereum ICO Wallet Moves $120M After a Decade, Throws It Into Staking. Accessed on December 2, 2025