9-Year 10,000x Return, A Comprehensive Look at Ethereum ICO Address
Original author: 0x Scope Labs
Compilation of the original text: Deep Tide TechFlow
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, having not moved their original ETH holdings in 9 years, a gain of 10,000x. In this article, we dig into their stories and give you some insights.
1. Ethereum ICO addresses that are still dormant
Of the many addresses that received ETH during the ICO, a significant number never moved their holdings. Currently, 678 addresses fall into this dormant category. These addresses hold a total of 1,529,755 ETH.
Why is the act of tracking these addresses important?
This shows the confidence these early believers have in $ETH and its future value growth.
It is a good practice to track dormant addresses as their actions may affect the price of $ETH.
Notably, the number one dormant address now holds 250,000 ETH. The entity repaid $75,250 in 2014, which is now worth $460 million.
2. When did the Ethereum ICO address transfer ETH for the first time?
By examining the year in which an address first transferred ETH, we can gain insight into the activity patterns of ICO participants.
Most ICO participants moved (possibly sold) their $ETH holdings before 2018 (when Ethereum price reached $1,300 at the beginning of the 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) moved $ETH for the first time in 2017.
3. Track the remaining ETH balance of the ICO address
Of the 8,891 addresses that received ETH at the genesis block, there are still a few addresses that hold large amounts 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 addresses are dormant, 3 addresses have balances exceeding their ICO amounts, and the second address purchased 560,000 ETH at the time of the ICO and still owns 243,300 ETH. .
4. Small investment, big potential
A total of 1,157 (13%) addresses spent less than $30 on less than 100 ETH during the ICO. They received a total of 53,850.53 ETH worth approximately $100 million, with an average of approximately $85,000 per address.
Of all these small investment addresses, 224 addresses are still dormant, holding a total of 9,674 ETH.
5. Recent sleep awakening events
Occasionally, long-dormant addresses suddenly see activity. The following are two noteworthy dormant awakening events.
For example:
The first incident involved 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 that deposited all funds into Kraken.
The second event is an address transferring its holdings to Coinbase for Ethereum staking.
in conclusion
The journey of the Ethereum ICO address over the past 9 years is both inspiring and emblematic of the confidence of early adopters in this transformative blockchain platform. Many of these early investors (678 addresses) have held on to their initial investments even through the ups and downs of the cryptocurrency market.
While it’s true that most ICO participants took action before significant price surges in 2018 as $ETH went through peaks and troughs in valuation. However, untouched wealth in some dormant accounts is a testament to enduring confidence in Ethereums long-term potential. For everyone keen on digital currencies, it will be interesting to see what these early buyers do next.
