Key Highlights
- A wallet connected to Ethereum’s 2015 ICO liquidated 11,552 ETH valued at approximately $23 million this Thursday.
- Blockchain analytics platform Lookonchain traced the wallet back to Ethereum’s original token distribution event.
- The wallet holder initially purchased 38,800 ETH for approximately $12,000 during the ICO at $0.31 each.
- The ETH tokens sold at an average market price of $2,027 per unit.
- Onchain records reveal the wallet first moved 18,500 ETH before completing the substantial sale.
A participant from Ethereum‘s inaugural ICO liquidated $23 million in ETH this Thursday, according to blockchain transaction data. Analytics platform Lookonchain monitored the movements and published findings across social channels. The substantial sale depleted a portion of holdings from an address connected to Ethereum’s original 2015 crowdsale.
Major Whale Transaction Detected Through Blockchain Analysis
Lookonchain disclosed that the wallet address “0xd64A…7ED7” transferred 18,500 ETH with a value of $38.1 million. Following this transfer, the receiving address proceeded to sell 11,552 ETH for approximately $23.4 million. The sale executed at an average rate of $2,027 per ETH token.
An Ethereum ICO participant (0xd64A) sold 11,552 $ETH($23.42M) at $2,027 in the past 1 hour.
This OG invested $12K in the Ethereum ICO to buy 38,800 $ETH($79.54M now) at $0.31.https://t.co/DtIKN4mEpLhttps://t.co/jD80KlqcvB pic.twitter.com/I08Lce3VEq
— Lookonchain (@lookonchain) March 27, 2026
The blockchain analytics firm confirmed the wallet’s connection to Ethereum’s original ICO. Transaction history reveals the holder acquired 38,800 ETH for around $12,000 total. During the 2015 crowdsale, each token cost approximately $0.31.
Onchain evidence validates the wallet’s origin from Ethereum’s genesis block distribution. Based on today’s valuations, the wallet’s remaining ETH holdings total nearly $80 million. Despite recent outflows, the address maintains significant token reserves.
According to Lookonchain’s statement, “The ICO participant transferred 18,500 ETH and sold 11,552 ETH at $2,027.” Their analysis relied entirely on transparent onchain information. Etherscan verification displays numerous outbound transactions associated with this selling activity.
The Ethereum Whale broke down the liquidation into multiple smaller transactions. Analytics indicate the entire selling process occurred within a compressed timeframe. The Ethereum blockchain documented every transfer as it happened.
ETH market pricing hovered around $2,027 during the execution of these trades. Trading data reflected slight price movements throughout the selling period. All transactions processed smoothly on Ethereum’s network infrastructure.
Genesis Block Participants Actively Liquidating Long-Term Holdings
This major sale comes just days after another ICO-era wallet executed a similar large-scale transaction. That separate address offloaded approximately 15,002 ETH worth close to $31 million. Blockchain monitoring services confirmed the funds transferred to Coinbase.
Onchain analysis shows that wallet preserved its ETH position for almost ten years. The Coinbase deposit represented the wallet’s first significant activity in recent years. The address retains additional holdings following the transfer.
Historical records verify Ethereum conducted its ICO during 2015. Initial investors purchased tokens at the $0.31 price point throughout the sale period. ETH now trades at prices representing thousands of percentage points above that original acquisition cost.
