A dormant Ethereum wallet from the network's genesis era has executed its first outbound transaction in over a decade, moving nearly 2,155 ETH to a fresh address. The transfer, valued at approximately $4.57 million to $4.59 million, was followed almost immediately by unsolicited scam-linked activity, according to on-chain tracker Lookonchain.
Wallet history
The address, 0x7dDd57165c87A2707f025DCFC2508c09834759Bc, received 1,400 ETH in Ethereum's genesis block in July 2015, when ether was valued at roughly $0.31. A second deposit of 755 ETH arrived on March 29, 2016, withdrawn from Bitfinex when ETH traded at about $11.74. The wallet then recorded zero outgoing transactions for over ten years.
Transfer details
On November 9, 2026, the owner first sent a small test transaction, then moved the full balance roughly 38 minutes later. Initial reports have not confirmed any deposit to an exchange; the funds went to a new address, which points more toward custody housekeeping than an imminent sale, though the owner's intentions are not known.
Scam activity
Scam-related activity appeared on or near the address within minutes of the first transfer, yet the main balance still reached its intended destination. The timing illustrates how closely some actors monitor the blockchain: a wallet that stayed quiet for ten years drew attention almost the moment it stirred.
Context and implications
Historical wallets have been returning to activity in 2026 as owners recover old keys. While 2,155 ETH is meaningful to one person, it is small relative to daily trading in ether. The more durable lesson is about security: even with a test transaction, the owner drew scam-linked attention within minutes, showing how quickly opportunists respond to visible on-chain activity. What to watch next is where the coins go from the new address; a later deposit to an exchange would revive selling questions, while continued stillness would suggest a holder who simply wanted fresher custody.
