- A dormant wallet containing 200 ETH from the Genesis era has recently emerged from hibernation after being dormant for over eight years.
- The wallet’s owner conducted a test transaction, but the majority of the funds remain untouched.
- Over the years, the value of the portfolio has soared from $162 to an impressive $500,000.
An unidentified individual with 200 ETH in their possession suddenly awoke from an eight-and-a-half-year slumber, carrying out a test transaction. This revelation was shared by the Whale Alert project team.
The whale’s account number is 0xAC4460a76E6dB2b9fCd152d9C7718D9ac6ED8c6f. This user received the aforementioned 200 ETH during the genesis block launch of the Ethereum network.
It is worth noting that the blockchain celebrated its eighth anniversary in July 2023. Thanks to recent price surges, the user’s portfolio is now valued at an impressive $502,112.
However, in 2015, the same portfolio was worth a mere $162, according to CoinGecko. The owner, Keith, did not make any transfers. The sole transaction from the account on January 14, 2024, was likely a test transaction.
Similar occurrences are not uncommon in the cryptocurrency community. Often, news about the activities of a whale holds significant importance, as large transactions can impact the market.
For instance, in May 2023, a whale transferred 8,000 ETH after an eight-year wait.
Furthermore, in early December 2023, another substantial holder moved over 39,000 ETH to the Kraken exchange, presumably for liquidation purposes.