Two Ethereum wallets dormant since the network’s 2015 launch reawakened this week, transferring a combined 1,140 Ether — now worth approximately $2.9 million.
Blockchain data shows the wallets, beginning with “0x27” and “0x7f,” were originally funded with Ethereum’s genesis block distribution on July 30, 2015. This period marked the “Frontier” phase of Ethereum’s mainnet debut. At the time, Ether traded at under $1.
According to Whale Alert, one of the wallets moved 900 ETH on Monday after nearly a decade of inactivity, fueling renewed interest in long-term crypto holders. Ether’s value has soared nearly 90,000% since those early days, with ETH currently trading around $2,540.
The reactivation follows a broader trend in 2024 of dormant wallets stirring back to life. Just days earlier, three Bitcoin addresses created during the Satoshi era transferred nearly $44 million worth of BTC after 14 years of silence.
Ethereum, meanwhile, continues to evolve. Its latest upgrade, Pectra, was activated in May and introduced improvements to staking, scalability, and smart account functionality. Co-founder Vitalik Buterin has also proposed a 16.77 million gas limit per transaction to enhance the network’s security and predictability.
With Ethereum’s roadmap accelerating and market interest in whale activity growing, the return of these early wallets offers a reminder of just how far the network — and its price — has come.
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