Whale Alert, a cryptocurrency tracking service, a former Ethereum pre-mine address containing 100 ETH, valued at approximately $262,757, has been activated. Before that, he had been inactive for 8.5 years.
Whale Alert, a cryptocurrency tracking service, a former Ethereum pre-mine address containing 100 ETH, valued at approximately $262,757, has been activated. Before that, he had been inactive for 8.5 years.
A series of awakening giants
This recent awakening is not an isolated event. In recent months, several dormant Ethereum addresses have come to life, moving substantial amounts of ETH and causing repercussions across the crypto landscape.
Notably, on February 4, an address containing 100 ETH worth $230,159 was activated after 8.5 years. Similarly, addresses with 492 ETH ($1.1 million), 133 ETH ($329,492), and 200 ETH ($506,140) have been reactivated.
The most astonishing of these reactivations occurred on December 23, 2023, when an address containing 11,640 ETH, valued at $26.4 million, was activated after 8.4 years of inactivity.
The big move of the Ethereum co-founder
To add to the intrigue, Jeffrey Wilcke, co-founder of Ethereum, recently transferred a whopping 4,300 ETH, worth approximately $10.7 million, to the Kraken exchange.
This important transaction made by a key figure in the Ethereum community has sparked a wide range of reactions and speculation.
This came after transactions by other prominent figures such as Vitalik Buterin and activities of the Ethereum Foundation.
