A two-year dormant ICO wallet has dumped $31.6 million worth of Ethereum in the past four days amidst the asset’s bullish uptrend.

An Ethereum ICO wallet that has been dormant for two years has gone on a selling spree, dumping 12,010 ETH to exchanges in the past four days. Data from Lookonchain shows that the address sent 3,500 ETH ($9.26 million) to Kraken at an average price of $2,646 on Thursday.

The wallet participated in the 2015 Ethereum initial coin offering (ICO), receiving 150,000 ETH from the Genesis block. Notably, the ICO cost was a menial $46,500; however, the offering has surged a staggering 8,484% and is currently worth $394.5 million.

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