Ethereum

2024

Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Data shared by Whale Alert cryptocurrency tracker shows that a <a href="https://u.today/long-dormant-eth-whale-reactivates-104-million-wallet">pre-mine Ethereum wallet</a> that had been dormant for 8.6 years has been reactivated. It contains 72 ETH evaluated at $243,771.
These 72 ETH coins were transferred to another anonymous cryptocurrency wallet, as detected by the aforementioned tracking platform.
<blockquote>
 💤 A dormant pre-mine address containing 72 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> (243,771 USD) has just been activated after 8.6 years!<a href="https://t.co/K8769uQJ0w">https://t.co/K8769uQJ0w</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1762838364980469949?ref_src=twsrc%5Etfw">February 28, 2024</a>
</blockquote> 
As reported by U.Today earlier, aside from this wallet, <a href="https://u.today/ancient-ethereum-whale-suddenly-wakes-up-after-many-years">several dormant Ethereum whales</a> awakened 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 remained inactive for roughly nine years.
Ethereum conducted its ICO in August-September 2014. As a rule, these awakening dormant whales with various amounts of Ethereum in them make hardly any impact on the current price of the second-largest cryptocurrency.
In the meantime, the Ethereum price has demonstrated an impressive increase of over 3% within the last 24 hours. Over the past two days, ETH has surged by an astounding 10%, hitting the $3,356 price level.
The major driver of Ethereum and of other altcoins at the moment remains the world’s leading cryptocurrency Bitcoin, which has skyrocketed above $60,000 today, approaching the first all-time high reached in 2021 - $63,000. Since Monday, Bitcoin has demonstrated a mind-blowing surge by 17.57%, soaring from $51,214 to the $60,213 level, where BTC is exchanging hands at the time of this writing.

Dormant Ethereum Pre-Mine Address Activated After Almost 9 Years

U_Today

Other articles published on Feb 28, 2024

Top Trader Predicts Rallies for Two Dogecoin Rivals, Says Memecoin Season Is Heating Up

IRS Recruits Expertise for Enhanced Cryptocurrency Tax Compliance

6 Best Altcoins to Invest in Right Now February 28 – Arweave, Injective, Dogecoin

Shiba Inu’s Price Surge Gains Momentum

Bitcoin Soars Past $59,000 While Altcoins Show Rebound

Gala Price Prediction: GALA Surges 45%, But Two Top Crypto YouTubers Are Super Bullish On This Ne...

Join our free newsletter for daily crypto updates!