From $104 to $1.48M: How This Ethereum ICO Veteran Cashed Out After 10+ Years

The Numbers That Tell a Story

An original Ethereum ICO participant just made headlines by moving 334.7 ETH to exchange wallets, marking the first transaction from wallet “0x61b9” in over a decade. The scale of returns is staggering: an initial $104 investment during the 2014 ICO has evolved into digital assets currently valued at $1.48 million—a stunning 14,269x multiplier.

What Changed?

At the time of the transfer, ETH was trading around $4,400 per coin. However, latest data shows Ethereum now trading at $2.99K, reflecting the market’s current valuation. The timing of this on-chain activity has reignited discussions about early believers, long-term conviction, and the mechanics of how ICO participants are now choosing to realize gains after more than a decade of dormancy.

The Bigger Picture

This isn’t just a personal win story—it’s a window into ICO-era investment strategies. Those 334.7 ETH represent someone who believed in Ethereum’s vision at a time when most dismissed it as speculation. The recent movement suggests that even in a mature market, early adopters are gradually beginning to convert their holdings back into liquidity, likely to capture life-changing profits.

The blockchain records the history; the wallet now speaks for itself. Whether this marks the beginning of more ICO conversions or remains an isolated case will be worth monitoring on-chain.