Ancient ETH Wallet Awakens After 8 Years, Moving Millions in Ethereum By U.Today
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Ancient ETH Wallet Awakens After 8 Years, Moving Millions in Ethereum
U.Today – blockchain sleuth, which traces down large transfers of digital currencies, has spotted a pre-mine ETH wallet awakened after years of dormancy. This address contains a large stash of – 2,000 coins. At the present exchange rate, they are worth $3,198,920.
Pre-mine ETH whale transfers its funds
The wallet awakened after 8.2 years per Whale Alert’s tweet, which means it stopped being used roughly in 2015 – the time when the initial coin offering was in full swing.
Another source on the X app, @lookonchain “Smart Money” tracker, has added details about this awakened ETH wallet, stating that it had moved all of its 2,000 ETH to four different blockchain addresses.
The X post also says that this whale obtained this much ETH at Ethereum Genesis. Back then, 2,000 ETH was worth $620.
Ethereum price action
This week, the second largest cryptocurrency, Ethereum, showed a significant rise of 4.71% between October 19 and 20 as it managed to rise from $1,547 to the $1,620 price mark. A slight drop in the price that followed that took ETH 1.46% down.
Prior to that, at the start of the week, Ethereum sharply declined by 3.96% along with after the news about the SEC regulator approving the BlackRock’s Bitcoin ETF filing proved to be fake.
At the time of this writing, ETH is changing .
In the meantime, large-tier whales, which hold at least 1 million ETH to a total of 32.3% of the whole circulating supply – this has happened for the first time since 2016. Earlier this week, transfers, carrying more than $1 million worth of Ethereum were spotted by the on-chain data company Santiment.
This article was originally published on U.Today
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Ancient ETH Wallet Awakens After 8 Years, Moving Millions in Ethereum
U.Today – blockchain sleuth, which traces down large transfers of digital currencies, has spotted a pre-mine ETH wallet awakened after years of dormancy. This address contains a large stash of – 2,000 coins. At the present exchange rate, they are worth $3,198,920.
Pre-mine ETH whale transfers its funds
The wallet awakened after 8.2 years per Whale Alert’s tweet, which means it stopped being used roughly in 2015 – the time when the initial coin offering was in full swing.
Another source on the X app, @lookonchain “Smart Money” tracker, has added details about this awakened ETH wallet, stating that it had moved all of its 2,000 ETH to four different blockchain addresses.
The X post also says that this whale obtained this much ETH at Ethereum Genesis. Back then, 2,000 ETH was worth $620.
Ethereum price action
This week, the second largest cryptocurrency, Ethereum, showed a significant rise of 4.71% between October 19 and 20 as it managed to rise from $1,547 to the $1,620 price mark. A slight drop in the price that followed that took ETH 1.46% down.
Prior to that, at the start of the week, Ethereum sharply declined by 3.96% along with after the news about the SEC regulator approving the BlackRock’s Bitcoin ETF filing proved to be fake.
At the time of this writing, ETH is changing .
In the meantime, large-tier whales, which hold at least 1 million ETH to a total of 32.3% of the whole circulating supply – this has happened for the first time since 2016. Earlier this week, transfers, carrying more than $1 million worth of Ethereum were spotted by the on-chain data company Santiment.
This article was originally published on U.Today