Ethereum ICO Contribulator Transfers More Than 630 Ether for Initial Time
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In the world of cryptocurrency, the reactivation of long-dormant wallets has become a topic of interest in 2024 and 2025, particularly with Bitcoin. However, when it comes to Ethereum ICO participants, the picture is a bit more nuanced.
Recent data shows that Bitcoin wallets that have been inactive for over a decade are moving significant amounts of Bitcoin back into circulation. Transactions ranging from tens of millions to hundreds of millions of USD in Bitcoin value have been observed [2][3][5]. In 2024 alone, over 255,000 BTC from dormant or lost wallets were reactivated, with 215,000 BTC already moved in 2025 [1]. These reactivations typically involve large transactions and do not cause market disruptions, but rather reflect long-term strategic reallocations [1][3].
However, specific data on long-dormant Ethereum ICO wallets becoming active again is not as prevalent in recent reports. For instance, an Ethereum ICO participant became active after 9.4 years of dormancy on December 27, 2024, transferring 0.01 ETH from an address holding 200 ETH [6]. This transaction occurred as the market rebounded and was noted by Spot On Chain. The value of 1 ETH at the time of the transaction was approximately $3,383 [6].
Meanwhile, another Ethereum ICO participant activated after 9 years of inactivity in late July, transferring 2000 ETH for the first time and distributing them across two new wallets [7]. The identity of the user behind the wallet remains unknown. The transaction involved a transfer of 631.1 ETH, equivalent to approximately $2.08 million at the time of writing.
Interestingly, a user received 1,940 ETH in July 2015, which were then worth only $601. At the time of the article, this user still held 1309 ETH, equivalent to approximately $4.3 million [4]. This user activated their wallet again, converting the 1940 ETH received in 2015 into 631.1 ETH [4].
In March, a Bitcoin wallet dormant for nearly 12 years moved all 500 BTC it held, equivalent to nearly $35 million at the time of the movement [8]. The transaction was made to Coinbase.
While the reactivation trend is more evident in Bitcoin, the lack of detailed metrics or notable cases specifically about Ethereum ICO wallets in the current data suggests that the picture may be different for Ethereum. More focused blockchain analytics focusing on Ethereum addresses would be required to gain a clearer understanding of the situation.
Investing in Bitcoin seems to have seen activity from dormant wallets, with over 255,000 BTC being reactivated in 2024 alone. On the other hand, the picture with Ethereum ICO participants is less clear, as specific data on long-dormant wallets becoming active is not as prevalent in recent reports.
