Ethereum Foundation-linked wallet comes back to life after 6.6 years of dormancy
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On-chain tracking revealed that the Ethereum stash was originally received from the Ethereum Foundation on Sept. 1, 2015. This timing was crucial in the cryptocurrency's history as Ethereum was in its infancy, having been launched about a month prior, on July 30, 2015.Dormant wallets often raise questions about the intentions behind such significant moves, especially when they involve large amounts of cryptocurrency.
The gains were sustained until press time, with Bitcoin and Ethereum showing gains. Bitcoin has risen 4.58% in the last 24 hours to $67,166, while Ethereum has risen 2.1% to $3,243, according toCryptocurrency prices plummeted on Wednesday amid a flurry of liquidations following significant losses on the broader financial markets. Though the market has shown signs of resilience, investors' shifting mood between risk-on and risk-off remains a major concern.
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