According to Whale Alert, a service that tracks large cryptocurrency transactions, a so-called whale (large investor) transferred 61,216 ETH worth $116.3 million from a dormant address that had been inactive for about eight years.
Since its inception, the address has been involved in 53 transactions, and only two of them were made for withdrawals, they say data etherscan. At first, only 0.05 ETH was withdrawn from the address to the Kraken cryptocurrency exchange, which was probably a test transaction before sending a large amount.
Shortly after a successful test, an anonymous user withdrew 61,216.45 ETH to the exchange, emptying his balance to 0.1019685 ETH. Some participants in the crypto market are afraid that the trader will sell their ethers on the exchange and this will hit the rate of the second cryptocurrency.
💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant pre-mine address containing 61,216 #ETH (116,396,127 USD) has just been activated after 8.0 years!https://t.co/f79T0fYa7b
— Whale Alert (@whale_alert) July 18, 2023
About 2910 days ago, this address took part in the Ethereum ICO, as a result of which most of the coins were received. Later, other insignificant amounts like 0.000011 ETH were sent to the address. Other receipts did not exceed 911 Wei at all. (Wei is the smallest component of ether, by analogy with Satoshi in Bitcoin, 1 ETH = 1,000,000,000,000,000,000 Wei). Most other incoming transactions are made after the address has become active.
The Ethers in question were released as a reward for early Ethereum enthusiasts. 83% of the 72 million ETH were distributed among those who purchased the cryptocurrency during the July-August 2014 public sale.
Recall that in the fall, when large owners of ethers began to move them to trading platforms, the ETH rate fell sharply by 8%, falling below $1,500.
Source: Cryptocurrency
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