A previously inactive wallet from the Ethereum initial coin offering in 2015 has suddenly become active, causing speculation in the crypto community. The wallet moved its holdings of 7,999 ETH, worth $14.7 million, to another address.

The wallet had acquired its holdings during the ICO at a bargain price of $0.31 per token, resulting in a 591,900% return on investment. The reasons behind the move remain unclear, but some speculate that it could be related to users migrating from the Ledger wallet due to recent security concerns. Despite the news, the Ethereum market has remained stable.