While the largest altcoin Ethereum remains stronger compared to Bitcoin, an ETH wallet that has been dormant for about 8.5 years has become active again.
Blockchain monitoring platform Whale Alert said in a post on its
It was stated that this Ethereum wallet was pre-mining and had been dormant for 8.5 years.
Although there are various reasons why an Ethereum address that has not been active for years may become active again, in general, if it becomes active after a long time, it is interpreted as a sale.
However, it seems possible that it is preparing for an action such as reinvestment other than sales.
💤 A dormant pre-mine address containing 200 #ETH (506,140 USD) has just been activated after 8.5 years!https://t.co/NtW3dDb2So
— Whale Alert (@whale_alert) January 14, 2024
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/the-giant-altcoin-whale-that-has-been-sleeping-for-about-8-5-years-awakened-what-to-do-now/