Genesis-era Ethereum wallet moves 2,155 ETH after a decade; scam activity follows
In brief
- Ethereum genesis-block wallet sent its first outgoing transaction in over a decade.
- Nearly 2,155 ETH, worth about $4.57 million to $4.59 million, moved to a fresh address.
- Small test transfer went first; the full balance followed 38 minutes later.
- Scam-related activity appeared near the address within minutes, Crypto Briefing reported.
- Exchange deposit not confirmed in initial reports.
A wallet from block zero
The address, 0x7dDd57165c87A2707f025DCFC2508c09834759Bc, dates back to Ethereum's very first block. According to Crypto Briefing's account of the on-chain record, it received 1,400 ETH in the genesis block in July 2015, an allocation from the ICO era, when ether was valued at roughly $0.31.
A second deposit landed on March 29, 2016. That one was 755 ETH withdrawn from Bitfinex, with ETH trading at about $11.74 at the time.
Then nothing. The wallet recorded zero outgoing transactions for over a decade, and that only changed on November 9, 2026.
Test first, then everything
The owner didn't move the full balance in one shot. A small test transfer went out first, and roughly 38 minutes later the rest followed to a new address, per Lookonchain's tracking as reported by Crypto Briefing.
That's where it gets interesting. Crypto Briefing said scam-related activity appeared on or near the address within minutes of the first transfer, though the main balance still reached its intended destination (the outlet didn't say who was behind it or how it worked).
The test transaction didn't stop the attention.
Crypto Briefing framed it as a sign of how quickly opportunists respond to visible on-chain activity, noting this owner took the cautious route and still drew scam-linked interest within minutes. For anyone sitting on an old wallet, it's a pretty clear picture of what happens once a dormant address wakes up on the blockchain.
Custody move or sale?
Nobody's said. Initial reports haven't confirmed any deposit to an exchange, and the funds went to a fresh address instead.
That points more toward custody housekeeping than an imminent sale, though the owner’s intentions are not known.
Crypto Briefing also put the size in context: around 2,155 ETH is meaningful to one holder but small relative to daily trading volume in ether. The outlet added that historical wallets have been returning to activity in 2026 as owners recover old keys, and this address is now part of that list.
