Recently, two Ethereum wallets that had been dormant for nearly ten years were activated and transferred a significant amount of ETH tokens. This news has captured the attention of both crypto investors and blockchain technology experts.
History of Ethereum wallets
The two wallets, one starting with the address ‘0x27’ and the other ‘0x7f’, were created 3,630 days ago, on July 30, 2015, marking the launch of the Ethereum mainnet known as ‘Frontier’. Both wallets received their initial ETH from transactions labeled as ‘GENESIS’ on Etherscan, indicating they were funded at launch.
ETH Price Dynamics
Since its debut, Ethereum, which started as a proof-of-work blockchain, has significantly increased in value. According to TradingView, over nearly ten years of dormancy, ETH has appreciated by 89,450%.
Recent Ethereum Network Updates
The Ethereum ecosystem continues to evolve. The latest upgrade, called Pectra, was initiated on May 7 and improved scalability and raised staking limits. The price of ETH has risen from $1,812 to $2,540 during this time. Additionally, co-founder Vitalik Buterin proposed a gas cap limit of 16.77 million for individual transactions, aiming to enhance network performance and security.
The awakening of these wallets and ongoing updates to the Ethereum network highlight the increasing interest in crypto investments and the further development of blockchain technologies. This also indicates changing investor behavior and presents new opportunities for market analysis.
