๐น The crypto world is buzzing again โ two ancient Ethereum wallets from the Genesis era (created back in 2015) have suddenly come to life after more than nine years of inactivity, transferring a total of 1,140 ETH worth approximately $2.9 million.
๐น The wallets, known by addresses starting with โ0x27โ and โ0x7f,โ had remained untouched for exactly 3,630 days โ since Ethereumโs official launch on July 30, 2015. One wallet transferred 900 ETH, and the other moved 240 ETH. At the time of creation, 900 ETH was worth only $279.
๐ A Wave of Reawakening Wallets
These transfers are not isolated events. Just days earlier, three long-dormant Bitcoin wallets from over 14 years ago were reactivated, moving billions of dollarsโ worth of BTC. Several Satoshi-era wallets have also come alive in 2024, transferring coins worth nearly $44 million.
๐ In another notable move, a U.S. government-owned wallet recently transferred 86.56 ETH (about $200,000) to Coinbase Prime. The funds were originally seized in 2022 from scammer Chase Senecal in connection with NFT fraud and hacking operations. A test transaction worth $10 was conducted before sending the full amount.
๐ Pectra Upgrade Boosts Ethereumโs Attractiveness
These wallet movements come as Ethereum is benefiting from a significant network upgrade named Pectra, which enhanced scalability and introduced support for smart accounts.
๐ Following the May upgrade, ETH surged from $1,812 to over $2,540. Ethereum co-founder Vitalik Buterin and developer Toni Wahrstรคtter have proposed further improvements โ including a gas limit of 16.77 million per transaction, aiming for better efficiency and robustness.
๐ฆ Bit Digital Triples Its ETH Holdings
Institutional interest in Ethereum is soaring. Nasdaq-listed firm Bit Digital increased its ETH holdings to 100,603 ETH โ up from 24,434 ETH at the end of Q1 2025. The firm used proceeds from a $172 million public offering and the sale of 280 BTC to fund its ETH accumulation.
๐ฌ CEO Sam Tabar announced that the company aims to become the worldโs largest institutional holder of ETH. Other firms like BitMine and SharpLink Gaming (SBET) are also boosting their ETH acquisitions โ BitMine recently launched a $250 million buyback campaign focused on Ethereum.
๐ Forecast: A Tenfold Rise in ETH-Holding Institutions?
According to analytics firm CF Benchmarks, the number of institutions holding ETH and SOL could increase tenfold over the next 12 months. This could reshape market dynamics and institutional involvement in the Ethereum ecosystem.
Ethereum is once again in the spotlight โ not just for individual investors, but also for large corporate players. And the return of these long-silent Genesis wallets may signal deeper shifts across the crypto landscape.
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