The WhaleAlert on-chain monitoring platform recently detected a notable transaction, causing an address from the pre-mine era that had been inactive for over 10 years to suddenly become active on the blockchain again. This address contains 40,000 ETH, which is worth approximately $119,651,157 USD (around $120 million USD) at current market prices. Interestingly, when these ETH were first locked in 2015, their value was only $12,400 USD, representing a more than 9,600-fold increase over the past decade. The reactivation of such large dormant funds has sparked discussions among market participants about potential liquidity provision and selling pressure.
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The WhaleAlert on-chain monitoring platform recently detected a notable transaction, causing an address from the pre-mine era that had been inactive for over 10 years to suddenly become active on the blockchain again. This address contains 40,000 ETH, which is worth approximately $119,651,157 USD (around $120 million USD) at current market prices. Interestingly, when these ETH were first locked in 2015, their value was only $12,400 USD, representing a more than 9,600-fold increase over the past decade. The reactivation of such large dormant funds has sparked discussions among market participants about potential liquidity provision and selling pressure.