An early Ethereum investor moved a stash of 334.7 ETH worth nearly $1.5 million on Aug. 16, 2025, after keeping the wallet dormant for more than a decade since the Ethereum ICO in 2014.

“He invested only $104 in the ICO and received 334.7 ETH – now worth $1.48M, a 14,269x return!” noted onchain wallet tracking firm Lookonchain, after flagging the transaction.

This story is an excerpt from the Unchained Daily newsletter.

Blockchain data shows that the wallet first sent a small test transaction of 0.1 ETH before transferring the entire balance to a fresh wallet with no prior activity.

The transaction comes amid heightened institutional interest in ether, with U.S.-based spot ETH exchange-traded funds (ETFs) seeing record $2.9 billion in inflows last week.