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HomeCrypto NewsMarketAnother Dormant Address Holding 200 Ethereum Now Alive After 7 Years

Another Dormant Address Holding 200 Ethereum Now Alive After 7 Years

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A dormant pre-mined address containing over 200 Ethereum (ETH) coins has been activated after seven years.


Another ancient Ethereum address that dates back to 2015 has been activated.

According to cryptocurrency whale tracking service Whale Alert, the previously inactive address holding 200 ETH has been revived after over seven years.

“A dormant pre-mine address containing 200 ETH (249,650 USD) has just been activated after 7.3 years!” shared Whale Alert via a tweet.

According to Whale Alert, the funds in the wallet were pre-mined before Ethereum was officially launched. The pre-mined ETH coins were created with essentially no value. It’s noteworthy that 200 ETH is currently valued at $249,650.

In response to the tweet, numerous speculations about the person who had the wallet started circulating. A few people comically indicated that this was a “baby whale,” while others said 200 Ether was a tiny number that wouldn’t impact the market.

However, it is not unusual for pre-mine Ethereum wallets to wake up after several years. As reported yesterday by The Crypto Basic, a dormant address containing 500 Ethereum was activated after seven years. William Sonuto, Chief Technology Officer of the Indonesian exchange Indodax, later said he was on the other side of the transaction.

 

At press time, the price of Ethereum is $1,258.31, a positive change of 0.23% over the past 24 hours, according to Coinmarketcap, with a market capitalization of $153,984,563,498. So far this year, Ethereum has experienced a drawdown of -65.62%.

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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