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Ancient Ethereum Address Activated After 7 Years

Tue, 10/25/2022 - 18:35
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Alex Dovbnya
An Ethereum address that dates back all the way to 2015 got activated earlier today right on the verge of a significant price jump
Ancient Ethereum Address Activated After 7 Years
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Twitter account Whale Alert has reported that a pre-mine Ethereum address that contains 200 ETH ($282,115) has been activated after 7.2 years of dormancy. 

As reported by U.Today, another Ethereum wallet containing 1,947 ETH ($2.8 million at current prices) was also activated in February.   

It is worth noting that the Ethereum network turned seven on July 30. The highly ambitious project back in 2015 following an $18 million crowdsale.

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Shortly after its launch, the ETH token started trading at $2.77 on the Kraken exchange before plunging to $0.68. At press time, the second-largest cryptocurrency is trading at $1,476. 

As reported by U.Today, the Ether price recently experienced a massive jump, leading to more than $105 million worth of liquidations. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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