One of Ethereum’s oldest wallets has just been revived, and the numbers are truly amazing.
The dormant speech, which held 2,000 ETH, worth just $620 in 2015, was revitalized after nearly a decade of silence, according to the Blockchain Tracking Service Whale Alert. At today’s prices, the stash is valued at over $5 million. This is an incredible 816,760% profit.
The wallet address “0XCF264” has been identified as a Genesis block participant and is linked to one of Ethereum’s original funding addresses. After years of inactivity, I suddenly moved 500 ETH worth $127 million to another wallet 0x2C12 11 hours ago.
💤 9 years from now (equivalent to 620 USD in 2015)! Hibernate pre-mine address with 2,000 #ETH (5,063,918 USD) has been activated on https://t.co/G0i8rif0XX.
– Whale Alert (@whale_alert) June 14, 2025
Even after offloading the 500 ETH, the whale still holds 1,500 ETH, worth around $3.78 million at a market price of $2,517 per ETH.
This revitalization comes when the market is a bit volatile for Ethereum, recovering from its recent lows, but still well below its all-time high of around $4,800.
The chart speaks for itself – Ethereum has seen multiple boom bust cycles over the past nine years, and this whale has essentially embarked on them all. The timing of the exercise is interesting. In particular, ETH prices are about to break out of the larger integration range.
Events like these are often seen as major deals, not just because of their market impact, but also because of their psychological impact.
It makes you wonder when wallets that have not been active for a long time, especially those in Ethereum’s early wallets, start to move: do whales move for sale, security, or plan for something more strategic?