Another dormant ETH wallet has awakened in past 24 hours, here’s how much ETH has been moved
Popular blockchain platform Whale Alert, which acts as a tracker of large crypto transactions, has spotted an awakened Ethereum wallet that had been dormant since late 2014.
The crypto contained in the wallet was pre-mined, so this may be one of the early Ethereum investors who bought this ETH during the ICO that took place in late July to early September 2014.
Two dormant ETH whales are stirring
Now, after 7.2 years of dormancy, the owner of this wallet has transferred 200 pre-mined ETH rated at $282,115.
This is the second wallet that stayed dormant for a long period of time and has “awakened” recently. After this tweet by Whale Alert, Santiment data generator posted a tweet, sharing that an ETH address had shifted 15,000 Ethers worth approximately $22.2 million to an empty wallet.
According to Sentiment, this wallet has been dormant for about six years.
Overall, before the launch of the blockchain in 2015, 72 million Ethers were pre-mined, and since then, 40 million ETH have been paid out to miners. This makes the total supply, by now, equal to 142 million coins.
Ethereum up 12.55%
Over the past 24 hours, there has been a sudden increase in the price of the second largest crypto by market capitalization value, first by 11.33% in a series of green hourly candles and then adding a little more, adding up to 12.55% overall so far. .
At the moment of writing, Ethereum is changing hands slightly above the $1,500 level, gradually recapturing its earlier losses.
According to Sentiment’s tweet, ETH is up around 8% for the first time since the aforementioned inactive ETH wallet moved its funds.
