The recent revival of one of the oldest Ethereum wallets has triggered notable changes in the cryptocurrency market. The wallet had been inactive for almost 10 years but is now back in the spotlight.
First Activation After 9 Years
The wallet, which held 2,000 ETH, was activated after 9.9 years of dormancy. In 2015, this amount was valued at just $620, and now it's worth over $5 million, representing an astonishing 816,760% gain.
Financial Details and Speculations
The wallet address '0xcF264', a participant in the Genesis Block, suddenly transferred 500 ETH, equivalent to $1.27 million, to another wallet '0x2C12'. This action raised speculations about the owner's intentions. After this transfer, the holder still retains 1,500 ETH valued at approximately $3.78 million.
Psychological Impact on the Market
Events like this are seen as significant due to their not only market impact but also psychological implications. The activation of long-dormant wallets raises questions: is the owner planning to sell, moving assets for security, or devising a more strategic approach?
The revival of this ancient Ethereum wallet highlights the complex processes underlying the cryptocurrency market and its emotional aspects, while also drawing increased attention to price changes in Ethereum.
