Ancient Ethereum Whale Dormant for Nine Years Suddenly Awakens

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The owner might have rediscovered lost keys; the timing of reactivation might also indicate a strategic decision to"hodl" until now. The anonymity of the ETH address adds to the mystery, with no clear indication of who the early ETH adopter might be or what prompted the sudden reactivation of the wallet.

This prompts a flurry of questions. Why had it remained dormant for so long? What prompted its sudden awakening? Was it a signal of impending market movements, or merely an individual or entity taking action for personal reasons? These questions remain unanswered, which implies that the mystery surrounding the dormant ETH address may not be fully unraveled at present. However, its sudden awakening might be a reminder that the unexpected is always just a transaction away.At the time of writing, ETH was up 3.66% in the last 24 hours to $3,175. As Ethereum regained the $3,000 price mark,sources report that a giant whale withdrew 10,119 ETH worth $31.83 million from Binance.

This Ethereum whale has bought 127,388 ETH worth $405.19 million from DEX and Binance since April 8, with an average buying price of nearly $3,172.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

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