INSUBCONTINENT EXCLUSIVE:
Two Ethereum wallets dormant for nearly a decade were activated on Monday, moving a combined 1,140 Ether tokens worth nearly $2.9 million
launch.900 ETH moved after nearly a decade of dormancy
Source: Whale AlertEthereum debuted in 2015 as a proof-of-work blockchain featuring traditional mining and block rewards akin to the Bitcoin
It transitioned to a proof-of-stake mechanism in September 2022 during the Merge, a move aimed at reducing the energy usage required to run
the network.According to TradingView, ETH has appreciated 89,450% in the nearly 10 years that the wallets have remained dormant.ETH-USD
Source: TradingViewCrypto watchers have seen a wave of dormant whale wallets reawakening lately
On Friday, three Bitcoin (BTC) wallets that had been dormant for 14 years awakened and transferred billions of dollars in funds
In 2024, dormant Satoshi-era Bitcoin wallets reawakened to transfer coins worth nearly $44 million at the time
accounts, improved scalability, and higher staking limits to its ecosystem
Ethereum developers initiated the upgrade on May 7, and since then, the price of ETH has risen to $2,540 from $1,812, according to
CoinMarketCap.Vitalik Buterin has submitted further developments for the ecosystem
