A previously inactive Ethereum address tenure Suddenly, a substantial amount of ETH has gone live.
A previously inactive Ethereum address tenure Suddenly, a substantial amount of ETH has gone live.
According to Whale Alert, a service that tracks large cryptocurrency transactions, this pre-mine Ethereum address, which contains 200 ETH (equivalent to $506,140), has shown activity after being dormant for more than eight and a half years.
Other recent transfers
Often, the activation of long-dormant cryptocurrency addresses generates speculation and interest within the crypto industry. These movements are usually linked to early adopters or investors who had mined or purchased cryptocurrencies like Ethereum during their initial phases.
The recent activation of this address is not an isolated incident. In December 2023, a similar pre-mine address with 11,640 ETH resumed activity after 8.4 years.
Previously, in October and September of the same year, addresses containing 2,000 ETH and 200 ETH respectively were reactivated after more than eight years of inactivity.
These cases suggest a pattern in which such moves are triggered by early investors or holders, who potentially reevaluate their investments or decide to cash in on their holdings.
Ethereum price behavior
The activation of these inactive addresses comes at a time when Ethereum market performance remains volatile.
According to the latest data, Ethereum (ETH) is priced at $2,515.28, which is a slight increase of 1.2% after a significant price drop.
Despite minor fluctuations, Ethereum maintains a significant market capitalization of approximately $301.7 billion, with a 24-hour trading volume of around $17.9 billion.
