According to data provided by WhaleAlert, a pre-mining address containing a total of 2,000 ETH ($5.9 million) was recently discovered. activated After being inactive for over 10 years. Initially, the token in question was worth just $620.
For the first 14 days of the 2014 sale, the price was fixed at 2,000 ETH per BTC.
The investor paid exactly 1 Bitcoin (approximately $600 at the time) into the wallet.
Other notable activities
Over the past two months, a remarkable cluster of “sleeping giant” Ethereum wallets has been awakening.
On December 1st, 40,000 ETH (approximately $120 million) addresses were brought back from dormancy after more than a decade of inactivity. The entity moved the funds to a new wallet and staked the entire amount on the Ethereum Beacon chain. The owner chose to earn the yield instead of cashing out the 9,600x return.
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On December 10th, Whale sold a total of 850 ETH on Coinbase for approximately $2.8 million. The initial price in 2015 was approximately $263. Reactivation resulted in a gain of approximately 10,684%.
Small transfers to exchanges generally create bearish sentiment in the short term due to fears of “OG” dumping. However, this group is shrinking. According to some estimates, only about 600 of these original Genesis wallets are completely dormant (never touched). Every time we see a “whale alert” about long-dormant ETH transfers to exchanges, that number dwindles.
Regarding staking, the Pectra upgrade introduced MaxEB (Maximum Effective Balance), increasing the maximum limit for a single validator from 32 ETH to 2,048 ETH. Whales are now likely moving funds for consolidation.
