One of the oldest wallets #الإيثيريوم has been reactivated, and the numbers are truly amazing. $ETH
According to the blockchain tracking service 'W,hale,,Alert', a dormant address was activated before mining, containing 2000 Ethereum worth only $620 in 2015, after nearly 10 years of inactivity. At today's price, the value of this stash is estimated to be over $5 million - an astonishing increase of 816,760%.
It has been confirmed that the wallet '0xc, F264' in Gen,,esis,Bl,ock is linked to one of the original Ethereum funding addresses. After years of inactivity, the address suddenly transferred 500 Ethereum worth $1.27 million to another wallet, '0x2,,C12', just 11 hours ago, sparking speculation about the intent of this transaction.
Even after selling 500 Ethereum, the whale still holds 1500 Ethereum, worth approximately $3.78 million at a market price of $2517 per Ethereum.
This activation comes at a time when the Ethereum market is experiencing slight fluctuations, as the asset recovers from its recent lows but still trades below its historical highs of around $4800.
The chart speaks for itself - Ethereum has experienced multiple boom and bust cycles over the past nine years, and this whale has nearly outlasted them all. The timing of this move is interesting, especially with the price of Ethereum attempting to break out of a larger consolidation range.
