9 Years, 10,000 Times Returns Tracking Ethereum ICO Addresses

Original Author: 0x Scope Labs Original Translation: Deep Tide TechFlow

The first token issuance (ICO) of Ethereum in 2014 marked the beginning of this revolutionary blockchain platform. Early believers obtained their share of ETH in the genesis block. Interestingly, some of these users’ addresses have remained dormant and have not moved their initial holdings of ETH for 9 years, resulting in a 10,000-fold increase in value. In this article, we will delve into their stories and provide some insights.

1. Ethereum ICO addresses still in dormant state

Among the many addresses that received ETH during the ICO, a considerable number of them have never moved their holdings. Currently, there are 678 addresses in this dormant category, holding a total of 1,529,755 ETH.

Why is tracking the behavior of these addresses important?

  1. It demonstrates the confidence these early believers have in ETH and its future value growth.

  2. Tracking dormant addresses is a good practice because their behavior may affect the price of ETH.

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

2. When did Ethereum ICO addresses first transfer ETH?

By examining the year of the first transfer of ETH for these addresses, we can understand the activity patterns of ICO participants.

Most ICO participants transferred (likely sold) their ETH holdings before 2018 (when the price of Ethereum reached $1300). Specifically, 4,119 (46.66% of the total) Ethereum ICO addresses first transferred ETH in 2016, 2,159 (24.46% of the total) in 2015, and 1,438 (16.29% of the total) in 2017.

3. Tracking the remaining ETH balance of ICO addresses

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

Several addresses hold a large amount of ETH. Among the top 10 addresses, 6 are in a dormant state, 3 have balances exceeding their ICO amount, and the second address purchased 560,000 ETH during the ICO and still holds 243,300 ETH.

4. Small Investment, Big Potential

A total of 1,157 (13%) addresses spent less than $30 to buy 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.

Among all these small investment addresses, 224 addresses are still in dormant state, holding a total of 9,674 ETH.

5. Recent Dormant Awakening Events

Occasionally, addresses that have been dormant for a long time suddenly become active. Here are two notable dormant awakening events.

For example:

The first event involves the address 0x8b505E2871F7dEb7a63895208e8227dcAa1Bff05, which transferred 61,216 ETH to another address, which then deposited all the funds into Kraken.

The second event is an address that transferred its holdings to Coinbase for Ethereum staking.

Conclusion

Over the past 9 years, the journey of Ethereum ICO addresses has been inspiring and symbolizes the early adopters’ confidence 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 most ICO participants took action before the significant price surge of ETH in 2018, some dormant accounts with untouched wealth demonstrate a persistent confidence in the long-term potential of Ethereum. It will be interesting to see what these early buyers will do next for everyone interested in digital currencies.

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