Pre-Mine Ethereum Address Holding 1,000 ETH Reawakens After 8+ Years of Inactivity
In an intriguing turn of events, a long-forgotten Ethereum address containing a significant amount of ETH has suddenly come alive after lying dormant for over eight years. Seizing the opportunity presented by the recent uptrend in the market, the address has sprung back to life.
Whale Alert, a leading blockchain tracking platform, notified the crypto community of this significant event. According to their report, the previously inactive Ethereum address, which held 1,000 ETH valued at $3,566,935, has suddenly been activated after a staggering 8.7 years.
Further examination of on-chain data has unveiled that this address is a pre-mine address, meaning it was created prior to Ethereum’s official launch in 2015. Interestingly, it received 1,000 ETH through a Genesis transaction on July 30, 2015, and has remained dormant ever since.
However, with the recent surge in the price of Ethereum, this long-forgotten address has decided to make a move, initiating a series of transactions involving varying amounts of ETH. The first transaction, worth 2 ETH, occurred today at exactly 01:09 (UTC), and two hours later, the address moved 8 ETH to a different location. Finally, at 04:46 (UTC), it transferred 100 ETH, equivalent to $356,111, to another wallet. In total, 110 ETH has been moved to three different recipient wallets. Notably, these recipient wallets have yet to make any further movements with the funds they received.
As a result of these transactions, the ancient address now holds 889.99 ETH, amounting to $3.17 million. The identity of the individual behind this address remains unknown at present.
This recent reactivation of a dormant Ethereum address is not an isolated incident. Whale Alert has previously reported similar occurrences, wherein other pre-mine Ethereum addresses containing substantial amounts of ETH have been awakened after extended periods of inactivity. Clearly, there is a growing trend of these addresses springing back to life, reengaging with the Ethereum network.
Despite the sudden surge in activity from this previously dormant address, it has not affected the overall price of ETH. At the time of writing, ETH was trading at $3,561, exhibiting a 0.98% increase in value over the past day.
The awakening of these once-slumbering addresses brings forth intriguing questions and adds an element of mystery to the world of cryptocurrency. Who is behind these dormant addresses, and what prompted their reactivation after years of silence? Only time will reveal the truth.