$2.7B in Ethereum Presale Tokens Remain Locked Since 2014

Twelve years ago, Ethereum's presale opened on July 22, 2014. KeychainX, a Swiss cryptocurrency wallet-recovery firm, has released an on-chain study of the sale.

The study found that 621 of the original genesis wallets have never sent a single transaction in the twelve years since, holding 1,421,008 ETH, about $2.7 billion at current prices.

This represents roughly 2.4% of the approximately 60 million ETH sold in the presale and is concentrated among the larger wallets, with 29 wallets holding 10,000 ETH or more accounting for 58% of the dormant total.