An Ethereum (ETH) wallet that had been dormant for nearly 10 years has suddenly awakened, drawing industry attention. This wallet, opened during Ethereum's initial coin offering (ICO) in 2015, held 900 ETH at the time, purchased for just $279 (approximately 380,000 won). Today, this holding has a value of around 273.9 million won, recording a return of over 9,800 times.
The address detected this time was confirmed as a 'pre-mine wallet'. Pre-mining refers to the tokens allocated to developers or early investors before the official launch of a blockchain project. Considering this, the wallet was likely held by a very early member of the Ethereum ecosystem.
In the market, the reactivation of such long-dormant whale wallets often acts as a factor in increasing price volatility, causing sensitive trading volume reactions. Particularly, Ethereum is currently trading at around $2,541 (approximately 3.53 million won) per ETH, so if the holder sells their assets, a certain level of downward pressure could occur.
Meanwhile, cases of long-term holding wallets that have withstood the test of time and recorded explosive returns are not uncommon. In June, an early investor also moved a large amount of Bitcoin held for a long time, attracting market attention. Experts note that "the movement of such whale wallets could potentially be for portfolio reallocation beyond simple monetization," leaving room for interpretation as a strategic move rather than panic selling.
However, with the recent revelation that the US government has also transferred approximately $218,000 (around 309 million won) worth of Ethereum to Coinbase ($COIN), large-scale Ethereum movements are expected to continue influencing market sentiment. Investors need to approach with caution, focusing on long-term structure and demand trends rather than short-term volatility.
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