Dormant Ethereum Pre-Mine Address Activated After Almost 9 Years

Data shared by Whale Alert cryptocurrency tracker shows that a pre-mine Ethereum wallet that had been dormant for 8.6 years has been reactivated. It contains 72 ETH evaluated at $243,771.

These 72 ETH coins were transferred to another anonymous cryptocurrency wallet, as detected by the aforementioned tracking platform.

???? A dormant pre-mine address containing 72 #ETH (243,771 USD) has just been activated after 8.6 years!

— Whale Alert (@whale_alert) February 28, 2024

As reported by U.Today earlier, aside from this wallet, several dormant Ethereum whales awakened in February, and all of them contained premined Ethereum – 100 ETH, 429 ETH, 3,465 ETH (worth $10.4 million) and 100 ETH. All of them had remained inactive for roughly nine years.

Ethereum conducted its ICO in August-September 2014. As a rule, these awakening dormant whales with various amounts of Ethereum in them make hardly any impact on the current price of the second-largest cryptocurrency.

In the meantime, the Ethereum price has demonstrated an impressive increase of over 3% within the last 24 hours. Over the past two days, ETH has surged by an astounding 10%, hitting the $3,356 price level.

The major driver of Ethereum and of other altcoins at the moment remains the worlds leading cryptocurrency Bitcoin, which has skyrocketed above $60,000 today, approaching the first all-time high reached in 2021 - $63,000. Since Monday, Bitcoin has demonstrated a mind-blowing surge by 17.57%, soaring from $51,214 to the $60,213 level, where BTC is exchanging hands at the time of this writing.