Recently an Ethereum address that had been dormant for almost 10 years was activated, drawing attention due to its contents.
Activation of Ancient Address
According to data from blockchain analysts Whale Alert, the address, which had not conducted any transactions for 9.9 years, has recently activated and currently contains 900 ETH.
History of Ethereum and Its Value
In 2015, the 900 ETH was worth only $279, as it traded for mere cents. Today, however, Ethereum's value has soared, and the 900 ETH is now valued at over $2.27 million.
US Government's Upcoming ETH Sale Process
Meanwhile, the US government recently deposited $218,000 worth of ETH to Coinbase, attracting attention to the movements in the Ethereum market.
The activation of the ancient Ethereum address highlights the volatility and potential of cryptocurrencies. The historical context and current market movements demonstrate how rapidly the values of digital assets can change.
