Ethereum Whale Awakens After 10 Years, Realizes Astonishing 787,000% Profit
Jakarta, Pintu News – July 1, 2025
A long-dormant Ethereum whale has recently reactivated its holdings after a decade of inactivity, sparking excitement and speculation across the cryptocurrency community. This whale, an early participant from Ethereum’s Initial Coin Offering (ICO) era, has made a small test transaction of 1 ETH, revealing how much value their original investment has appreciated over the years.
From $310 to Over $2.5 Million in Value
According to on-chain data from Etherscan, the digital wallet in question initially purchased around 1,000 ETH during Ethereum’s Genesis event – the ICO that launched the platform – at a mere total cost of $310. Now, with Ethereum (ETH) trading at approximately $2,502 per coin, the original holding is worth about $2.44 million. This translates to an extraordinary return on investment of nearly 787,000%.
Such phenomenal gains underscore the massive growth Ethereum has experienced since its early days, going from a revolutionary blockchain project to one of the world’s dominant smart contract platforms.
Renewed Activity Among Early Ethereum Whales
The recent movement by this particular whale is part of a broader trend of increased activity from Ethereum whales who acquired their ETH during the ICO period. Last week, for instance, another prominent wallet holding 2,000 ETH worth about $620 back then became active, and the current value of that holding stands at roughly $5.03 million.
In addition to these wallet reactivations, Ethereum whales have shown varied behavior over the past weeks. Notably, a whale recently purchased $10 million worth of ETH, signaling substantial confidence or strategic positioning amid ongoing price consolidation around the $2,500 mark.
Speculation of Potential Profit-Taking
The sudden awakening of these holders has reignited conversations within the crypto community about the possibility of a large-scale "whale dump"—a scenario in which significant amounts of ETH could be sold off, potentially impacting the market.
While the initial transactions from these ICO-era whales have been relatively modest, analysts warn that if ETH prices continue climbing, the selling pressure from these whales could increase. Complicating the market sentiment is the current record-high volume of short positions on ETH. This dynamic raises the possibility of a substantial short squeeze if the price surges, leading to further market volatility.
Market Context: Ethereum’s Recent Performance and ETF Inflows
Ethereum’s price has experienced steady growth, registering nearly a 35% gain in the second quarter of 2025. This upward trend has been supported by strong inflows into spot Ethereum Exchange-Traded Funds (ETFs).
Last week alone, spot Ethereum ETFs reported a net inflow of approximately $283 million, primarily led by BlackRock’s ETHA fund. This marked seven consecutive weeks of positive inflows, reflecting robust investor interest in Ethereum through regulated investment vehicles.
Looking Ahead
As Ethereum enters a period of price consolidation, the actions of early whales, combined with growing on-chain signals, present an intriguing picture for traders and investors. While these whale movements reveal the potential for profit-taking, continued institutional support via ETFs may buttress Ethereum’s price momentum.
Investors are advised to remain attentive to market developments, perform independent research, and carefully consider the risks associated with cryptocurrency investments, given their inherent volatility.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry high risks due to market volatility. Always conduct your own research and invest only what you can afford to lose.
Reported by Deswita Zela, Pintu News
Sources: Etherscan, CME, Coingape