Ethereum Foundation Wallet Moves $295 Million After Long Inactivity
An Ethereum Foundation-affiliated wallet that had been inactive for over six years recently resumed activity, transferring 92,500 ETH, roughly $295 million, to a new address.
This wallet’s last known activity was over six years ago, drawing notable interest from the crypto community.
The funds were initially allocated by the Ethereum Foundation on September 1, 2015, shortly after Ethereum’s launch. The purpose of this transfer is unclear, but it has not led to major market changes.
Bitcoin and Ethereum rebounded on Thursday, recovering to earlier week levels. Bitcoin saw a 4.58% increase, reaching $67,166, while Ethereum rose by 2.1% to $3,243.
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Crypto Whales Invest Heavily in Altcoins Despite Recent DeclinesThis recovery comes after a significant drop on Wednesday due to market-wide liquidations. Despite the bounce-back, investor sentiment remains mixed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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