Two Ethereum wallets that had remained inactive since the network's launch in 2015 unexpectedly came back to life, moving 1140 $ETH currently valued at approximately $2.9 million. These wallets, marked as “0x27” and “0x7f”, were created during the genesis phase of Ethereum when the price of ETH was only a few cents. Over this time, the value of Ethereum has increased by 89,450%, making these transactions a true sensation in the market.
This event is part of a broader trend where "dormant" cryptocurrency wallets are coming back to life. For example, recently three Bitcoin wallets that had been inactive for 14 years also moved assets worth billions of dollars. Analysts suggest that the owners of such wallets may be testing transactions or preparing for larger moves, although no significant impact on the price of ETH has been recorded yet. At the time of writing, Ethereum is trading at $2530, showing stability.
Recent network updates, including the Pectra upgrade in May 2024, have heightened interest in Ethereum. Vitalik Buterin's proposal to limit gas fees is also aimed at strengthening the network. These events highlight the growing activity in the blockchain ecosystem.
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