Ethereum

Ethereum Name Service

<div class="cryptonews"> 
 <p class="is-style-lead">Resurfacing after two years of dormancy, a significant ENS holder has recently claimed nearly $74 million in previously unclaimed Ether (ETH).</p> 
 <p>After an extended hiatus, a major Ethereum Name Service (ENS) player has re-emerged, claiming millions in Ether (ETH).</p> 
 <p>The prominent holder, whose portfolio includes the renowned “darkmarket.eth” ENS domain, recently recouped a staggering 39,712 ETH, equating to nearly $74 million at the time of the transaction.</p> 
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    <p lang="en" dir="ltr">After 2.7 years of dormancy, darkmarket.eth reclaimed 39,712 $ETH ($74.17M) locked in the ENS auction just now.<br><br>And transferred 63,734 $ETH($119M) out to a new wallet.https://t.co/OtXYRpcOhn</p>— Lookonchain (@lookonchain) July 31, 2023 
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 <p>The hefty sum originally got tied up in a bid during acquiring the domain via ENS. It remained dormant for a substantial period until the holder decided to claim it back. The recovered funds were partially transferred to an alternate Ethereum address. The amount comprised 63,734 ETH, or approximately $118 million in value.</p> 
 <p>Nick Johnson, the founder of ENS, provided some background via a tweet from February 2021. He stated that the initial near-40,000 ETH deposit occurred in the early years of ENS operation.</p> 
 <p>Johnson previously attempted to guide the user to recoup their funds and has now taken the recent activity as an opportunity to shed light on the procedure for others in a similar situation.</p> 
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 <p>Historically, the 2021 Protos report highlighted that the domain “darkmarket.eth” was bought in 2017 for an impressive 20,103 ETH, an amount that was equivalent to around $5 million at the time and is worth roughly $37 million at current rates.</p> 
 <p>The ENS whale’s reclaimed funds also encompass proceeds from their other owned domains. Notably, the second most expensive ENS domain to date, “openmarket.eth”, presently valued at over $18 million, is part of this impressive collection. The whale’s other significant domains, as reported by Protos, include “silkroad.eth”, “openexchange.eth”, and “payment.eth”.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> ENS DAO may sell ten thousand ETH to raise funds 
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Dormant ENS whale reawakens to secure $74m jackpot

TheBitTimes

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