Early ETH Holder Breaks Years of Silence, Offloads 20K ETH in Major Move

The cryptocurrency world just witnessed a ghost from the ICO era come back to life. An Ethereum wallet from the genesis days—address 0x2Eb08efB9e10D9F56e46938f28c13ECb33F67B15—ended its long silence with a decisive action: transferring 20,000 ETH to an exchange just 15 hours ago.

The Numbers That Matter

This wasn’t a casual move. The transaction involved 20,000 ETH valued at approximately $58.14 million, executed at $2,906.79 per token. What makes this significant is the holder’s original position: back in the ICO days, this wallet accumulated 254,900 ETH—a staggering amount that has been largely dormant for years.

Current market data shows ETH trading near $2.98K with minimal daily volatility (+0.02%), but this holder’s decision to move assets might suggest confidence in current valuations or a shift in strategy after extended dormancy.

A Cost Basis That Defies Logic

Here’s where it gets interesting. This ancient investor’s cost basis sits at roughly $0.31 per ETH. Last time he accessed an exchange—when ETH was priced at $1,452.04—the timing proved impeccable. This latest move, at nearly double that price, raises questions about market intuition and whether old-school HODLers are reading signals the new generation can’t see.

What’s Left in the Vault

The sale didn’t liquidate the entire position. The wallet still holds 3,070 ETH on-chain, worth around $9.03 million at current prices. This suggests the holder isn’t exiting completely—perhaps a rebalancing strategy or simply taking profits while maintaining exposure.

For observers watching these dinosaur-era wallets, every transaction is a data point. And every silence that breaks becomes a meme in trading circles: when ICO-era holders move, markets listen.