Ethereum

TRON

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
In an unexpected turn of events, an ancient Ethereum whale came back to life <a href="https://u.today/pre-mine-ethereum-whale-wakes-up-after-8-years-of-silence" rel="noopener noreferrer nofollow">after 8.1 years of dormancy</a>; this goes back to 2014, the year when, in July, the initial coin offering (ICO) of Ethereum began and made history. 
Later on, the Ethereum chain became a launch platform for the next generation of blockchains, such as EOS, TRON and many others. The largest crypto exchange Binance also launched its native token on Ethereum, later moving it to its own Binance Smart Chain (rebranded as BNB Chain later on). 
According to a recent X post by the Whale Alert cryptocurrency tracker, roughly two hours ago, the aforementioned awakened wallet transferred 185 ETH worth $302,096 to the U.S.-based Kraken exchange. 
<blockquote> 
 💤 A dormant pre-mine address containing 185 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> (302,096 USD) has just been activated after 8.1 years!<a href="https://t.co/2IdjJcxPbG" rel="noopener noreferrer nofollow">https://t.co/2IdjJcxPbG</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1699701986227097895?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 7, 2023</a> 
</blockquote> 
Later on, a much bigger amount of Ethereum — 50,000 coins — was sent to Kraken with the apparent goal of selling it. The amount of 50,000 ETH is the equivalent of 81,638,671. However, it was transferred from a different wallet than the above-mentioned dormant one. 
About three weeks ago, <a href="https://u.today/ethereum-eth-whale-wakes-up-from-dormancy-and-makes-huge-transaction-details" rel="noopener noreferrer nofollow">another dormant Ethereum whale</a> (a premine one) awakened and transferred 191 ETH evaluated at $317,724 to an anonymous wallet. 
Over the past few years, several dormant wallets containing large and small chunks of Ethereum and Bitcoin have been reactivated. Many users in the comments suggest that these old-time crypto owners may have just found their lost private keys to those wallets, which in many cases may be true. 
<h2 lang="en-GB" xml:lang="en-GB" id="anon-whale-keeps-buying-ethereum-on-dip">Anon whale keeps buying Ethereum on dip</h2> 
As reported by U.Today earlier, an anonymous "smart whale" conducted two <a href="https://u.today/whale-buys-19508-eth-in-last-two-days-buying-dip-or-insider-trading" rel="noopener noreferrer nofollow">large ETH withdrawals from the Binance</a> exchange. Each time, he moved slightly under 10,000 ETH from the platform, making it 19,508 ETH in total. 
He performed that he purchased on the dip, while Ethereum is changing hands in the $1,600 zone. Earlier this year, on July 1, the same wallet bought 8,188 ETH when the price briefly plunged as the SEC rejected several Bitcoin spot ETF filings, including one made by BlackRock, calling them "inadequate."

Dormant Ethereum ICO Wallet Awakens, Moving Large ETH Chunk to Kraken

Table of Contents

U_Today

Other articles published on Sep 7, 2023

Ripple CTO says 'tide is turning' on US regulatory environment

RUNE becomes top gainer amid Binance withdrawal suspension

London Fintech CEO Linked to Crypto Money Laundering for Brazilian Criminal

Shiba Inu’s Meteoric 46,000,000% Rise – It’s Not the $1,700,000,000 SHIB Burn You Thought

Google Announces Stricter Rules for NFT Game Ads in September 2023

Web3 Games Platform Tamadoge Announces New Burn Program to Boost TAMA Coin Scarcity And Value

Join our free newsletter for daily crypto updates!