Advertisement
AD

Main navigation

Advertisement

Dormant Pre-Mine ETH Whale Stirs After 7.2 Years: Details

Advertisement
Wed, 26/10/2022 - 9:11
Dormant Pre-Mine ETH Whale Stirs After 7.2 Years: Details
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Advertisement

Popular blockchain platform Whale Alert, which operates as a tracker of large crypto transactions, has spotted an awakened Ethereum wallet that had stayed 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 stirring

Now, after 7.2 years of being inactive, the owner of this wallet has transferred 200 pre-mined ETH evaluated at $282,115.

Advertisement

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.

This wallet stayed dormant for approximately six years, according to Santiment.

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.

Related

Ethereum rises 12.55%

Over the past 24 hours, the second biggest crypto by market capitalization value has suddenly increased in price, first by 11.33% in a series of green hourly candles and then adding a little more, making it rise by 12.55% in total by now.

At the moment of writing, Ethereum is changing hands slightly above the $1,500 level, gradually recapturing its earlier losses.

The first rise of ETH by about 8% took place after the first of the aforementioned dormant ETH wallets shifted its funds, per Santiment's tweet.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD