Ethereum

2024

Giant

While the largest altcoin Ethereum remains stronger compared to Bitcoin, an ETH wallet that has been dormant for about 8.5 years has become active again.
Blockchain monitoring platform Whale Alert said in a post on its
It was stated that this Ethereum wallet was pre-mining and had been dormant for 8.5 years.
Although there are various reasons why an Ethereum address that has not been active for years may become active again, in general, if it becomes active after a long time, it is interpreted as a sale.
However, it seems possible that it is preparing for an action such as reinvestment other than sales.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a4.png" alt="💤" class="wp-smiley" style="height: 1em; max-height: 1em;"> A dormant pre-mine address containing 200 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> (506,140 USD) has just been activated after 8.5 years!<a href="https://t.co/NtW3dDb2So" rel="noopener noreferrer nofollow">https://t.co/NtW3dDb2So</a>
 — Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1746598091749208325?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 14, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/the-giant-altcoin-whale-that-has-been-sleeping-for-about-8-5-years-awakened-what-to-do-now/" rel="noopener noreferrer nofollow">The Giant Altcoin Whale that has been Sleeping for About 8.5 Years Awakened! What to Do Now?</a>

The Giant Altcoin Whale that has been Sleeping for About 8.5 Years Awakened! What to Do Now?

Bitcoin Sistemi EN

Other articles published on Jan 15, 2024

Crypto Fuels Illicit Economies in Southeast Asia: UN Report

OpenSea CEO bets on use cases for NFTs, says trading volumes can be ‘misleading’

Assessing the Investment Potential of ETH, ORDI, & VC Spectra

Egyptian customer loyalty fintech Zeal raises $4m funding to expand its technology

Anticipating the Altcoin Bull Season and Solana’s Potential Surge

50% Of The XRP Circulating Supply Moved To The Bitfinex Crypto Exchange?

Join our free newsletter for daily crypto updates!