Ancient Ethereum (ETH) Address Comes to Life, Here Are Likely Reasons

ICO-era address on Ethereum chain reawakened with millions in assets

To revive the wallet, the ICO participant sent just one Ethereum token to a new address in what appears to be a functionality test. The ICO era wallet received a total of 2,365 during the public sale, which was priced at approximately $0.31 at the time.

This address has HODLed the tokens through the storm and, at present, the tokens are worth roughly $4.42 million.

Reawakening the wallet may have different causes, but the trust in the potential of Ethereum to hit new milestones now that the Shapella upgrade is live remains good motivation.as it is entering the week with a largely bearish stride.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum ICO participant awakes after 7.7 years of dormancyThe Ethereum ICO participant transferred only one ether to a new address — which some speculate indicates a test transaction.
Read more »

1.37 Million Ethereum (ETH) Withdrawn So Far in Shapella Upgrade Aftermath: DetailsEthereum sees 1.37 million ETH withdrawn after Shapella, here's how much returned $ETH
Read more »

Ethereum (ETH) Holders Defy Price Drop: Non-Zero Addresses Reach Record High$ETH price dips, but non-zero Ethereum addresses skyrocket to record high ethereum eth ether cryptocurrencies
Read more »

Three Whales Make Big Bets on ETH and BTC via DeFi ProtocolsAs cryptocurrency market experiences downturn, several whales are doubling down on their investments in Ethereum (ETH) and Wrapped Bitcoin (WBTC) by depositing large sums into decentralized finance (DeFi) protocols
Read more »

Bitcoin, Ethereum Technical Analysis: ETH Falls Under the $1,900 Level to Start the Weekend – Market Updates Bitcoin NewsEthereum started the weekend trading below $1,900 for the first time in two-weeks, as cryptocurrency markets continued to fall.
Read more »

Ethereum after Shapella: Developers make progress on Cancun-DenebFollowing the recent, Shapella upgrade, Ethereum developers are now making progress on the next upgrade — referred to as 'Cancun-Deneb.'
Read more »