In the depths of the Ethereum ocean, a leviathan has stirred, and the numbers are as fantastical as a fairy tale from the steppes of Ukraine.
According to the trusty Whale Alert, a dusty old wallet, a relic from the pre-mine era, holding a paltry 2,000 ETH, once worth a mere $620, has awoken from its nine-year slumber. And lo! Its value has ballooned to a staggering $5 million, a gain of 816,760%! One can almost hear the sound of champagne corks popping in the distance 🥂.
The wallet, “0xcF264”, a veritable Genesis Block veteran, linked to one of Ethereum’s original funding addresses, has been confirmed as the real deal. And then, without warning, it moved 500 ETH, a cool $1.27 million, to another wallet, “0x2C12”, a mere 11 hours ago. The plot thickens, and speculation runs rampant! 🤔
💤 A dormant pre-mine address containing 2,000 #ETH (5,063,918 USD) has just been activated after 9.9 years (worth 620 USD in 2015)!
— Whale Alert (@whale_alert) June 14, 2025
Even after offloading a chunk of its ETH, the whale still holds a tidy 1,500 ETH, worth a respectable $3.78 million at the current market price of $2,517 per ETH. Not a bad day’s work, if you ask me 😏.
This reactivation comes at a time when the Ethereum market is as volatile as a Ukrainian summer storm. The asset is recovering from recent lows, but still trading far below its all-time highs of around $4,800. The chart tells the tale — Ethereum has seen multiple boom-bust cycles over the past nine years, and this whale has ridden them all out, like a seasoned Cossack on the steppes 🐴.
Events like this are a big deal, not just because of their market impact, but also the psychological impact they have. When wallets that have been gathering dust for years start moving, especially ones from the early days of Ethereum, it makes you wonder: Is the whale selling, moving for security, or planning something more strategic? 🤔 The plot thickens, and we can only wait with bated breath for the next installment of this saga.
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2025-06-15 16:35