Recently, two Ethereum wallets that have remained inactive since the network's inception activated and transferred a significant amount of cryptocurrency. This event has drawn attention to changes in asset behaviors on the Ethereum blockchain.
Long-term Dormancy of Wallets
Two wallets, '0x27' and '0x7f', remained inactive for 3,630 days since July 30, 2015, until they transferred 1,140 ETH valued at approximately $2.9 million last week. One wallet moved 900 ETH while the other moved 240 ETH. In 2015, the 900 ETH transaction was valued at only $279.
Increasing Activity in Crypto Wallets
A surge in activated wallets has been observed across the crypto market recently. For instance, three Bitcoin wallets inactive for over 14 years have also moved significant funds. Additionally, some Satoshi-era wallets moved coins worth close to $44 million in 2024.
Institutional Investments in Ethereum
Nasdaq-listed Bit Digital has increased its Ethereum holdings to 100,603 ETH, representing over a 300% rise from its balance of 24,434 ETH at the end of Q1 2025. The company is preparing for aggressive expansion of its ETH treasury, with other firms like SharpLink Gaming and BitMine also ramping up their ETH acquisitions.
The activation of Ethereum wallets after nine years of dormancy and the rise in active wallets underscore changing market dynamics in cryptocurrencies. Institutional investments in ETH further indicate growing interest and potential adoption in the cryptocurrency space.
