An Ethereum wallet dormant for nearly ten years has been activated, sparking speculation within the crypto community.
Impact of Ethereum Wallet Activation
According to data platform Whale Alert, a wallet with 2,000 ETH worth over $3.6 million was inactive for nearly a decade. The reactivation spurred discussion among community members speculating on the reason behind the move.
Current Ethereum Market Situation
User Jaba Jay noted that the wallet holder would have profited more had they sold Ethereum when it hit $3,800. Others fear that selling 2,000 ETH in the current market may increase liquidity, adding pressure on Ethereum’s price and causing panic among investors.
Resurfacing of Pre-Mine Controversy
Pre-mined Ethereum coins have been a topic of debate in the investment community. Some argue Ethereum’s launch was less fair than Bitcoin’s. Bloomberg has also criticized the blockchain for not meeting users' expectations.
The reactivation of an old Ethereum wallet has reignited discussions about the fairness of cryptocurrency launches and raised questions among investors.
