Ancient Ethereum Address Awakens To Eye-Popping 2,100% Gains After 7.5 Years Of Dormancy
By Benzinga
An Ethereum (CRYPTO: ETH) address that had been dormant for more than seven years recently sprung to life. It contained 100 ETH, worth $149,980.
What Happened: At the time of purchase in 2015, 100 Ethereum was bought for $6700, when the coin was trading at $67. Fast forward to today, Ethereum is trading at $1501, leading to a 2140% increase in its price since 2015.
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The Whale Alert data reveals that the dormant address was activated a few of hours ago, with a gas fee of 0.00033502177254 ETH ($0.50).
Last week, Bitcoin (CRYPTO: BTC) and Ethereum whales were turning heads among crypto traders. The whales moved a massive $743 million of the two cryptos in just three transfers, according to Blockchain data.
