According to a recent update from Whale Alert, a pre-mine idle address containing approximately $21.9 million worth of Ethereum (ETH) has He returned to life for the first time in almost nine years.
According to a recent update from Whale Alert, a pre-mine idle address containing approximately $21.9 million worth of Ethereum (ETH) has He returned to life for the first time in almost nine years.
This is the first pre-mine Ethereum address that has gone live in June so far. In May, two such addresses containing $325,535 and $5.9 million, respectively, experienced sudden awakenings.
Alex Dovbnya
In April, only one address that was created before the launch of the genesis block was activated. For comparison, three such cases were recorded in March. In February, up to five previously mined addresses came back to life after years of inactivity. In January, two addresses from the pre-mine era were activated.
Ethereum hosted a major sale in 2014, making it possible to purchase pre-mined tokens that were created before the network launched.
Ethereum sinks
The biggest activation came after the price of Ether fell to an intraday low of $3,642 earlier this Friday, according to data from CoinGecko.
Alex DovbnyaThe cryptocurrency took a nosedive after the latest US jobs report far exceeded analysts’ expectations. The US labor market’s persistent refusal to cool does not bode well for those desperately waiting for the US Federal Reserve to begin cutting rates. The odds of a rate cut in 2024 have decreased substantially following the release of the impressive employment data.
Almost $49 million worth of Ether positions have been liquidated in the last four hours alone, with long positions accounting for almost 93% of the sum.
