Dormant Pre-Ethereum Mine Address Activated After Almost 9 Years

    Dormant Pre-Ethereum Mine Address Activated After Almost 9 Years

Data shared by cryptocurrency tracker Whale Alert shows that a pre-mine Ethereum wallet that had been dormant for 8.6 years has been reactivated. It contains 72 ETH valued at $243,771.

Data shared by cryptocurrency tracker Whale Alert shows that a pre-mine Ethereum wallet that had been dormant for 8.6 years has been reactivated. It contains 72 ETH valued at $243,771.

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These 72 ETH coins were transferred to another anonymous cryptocurrency wallet, as detected by the aforementioned monitoring platform.

As previously reported by Guru-Investingapart from this wallet, several dormant Ethereum whales woke up in February, and all of them contained premined Ethereum: 100 ETH, 429 ETH, 3,465 ETH (worth $10.4 million), and 100 ETH . All of them had been inactive for approximately nine years.

Ethereum held its ICO in August-September 2014. As a rule, these sleeping whales that wake up with different amounts of Ethereum in them barely influence the current price of the second largest cryptocurrency.

Meanwhile, Ethereum price has shown an impressive increase of over 3% in the last 24 hours. In the last two days, ETH has risen by a staggering 10%, reaching the $3,356 price level.

Related
Will Bitcoin (BTC) Fall to $50,000?

The main driver of Ethereum and other altcoins at the moment remains the world’s leading cryptocurrency, Bitcoin, which today has skyrocketed above $60,000, approaching the first all-time high reached in 2021: $63,000. Since Monday, Bitcoin has demonstrated a mind-blowing 17.57% surge, going from $51,214 to the $60,213 level, where BTC is exchanging hands at the time of writing.

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