One Ethereum wallet that has been dominating for about 8 years has just resurfaced.Following LookChain data study, the wallet was launched on July 30, 2015, with 2,000 ETH (approximately $0.31 per at the time).
On March 24th, the wallet was reported to be active.The currency has made an astounding $6.7 million, or a $1.1 million percentage rise, thanks to Ethereum’s optimistic price moves.
This quarter has seen a number of dormant Ethereum wallets getting awakened. After the price of ETH reached 3,200 late last month, 238.75 ETH, or approximately $770,000, were transferred to Coinbase from another inactive wallet dating back to the Ethereum ICO.
The identities and intentions behind these revived wallets remain unclear. Perhaps after a long wait, the owners are finally cashing in on their profits. It’s also plausible that the SEC’s potential approval of an Ethereum ETF contributed to Ethereum’s recent price increase.
Despite a recent price drop, Ethereum continues to demonstrate strength.At the time of writing, Ethereum was trading at $3,598.The coin has seen a 13.62% gain in the last 7 days.
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