"Ethereum wallets dormant for 8 years move 200,000 ETH…about 1 trillion won"

Source
Minseung Kang

Summary

  • Lookonchain said two Ethereum wallets that had been dormant for more than 8 years recently moved 200,000 ETH (about 1,107,000,000,000 won) to new addresses.
  • The analytics firm reported that the owners of these wallets have a history of sourcing ETH from the Bitfinex exchange.
  • The analytics firm reported that including these wallets, a total of 8 wallets hold approximately 736,316 ETH (about 4,000,000,000,000 won).
Photo = Lookonchain X capture
Photo = Lookonchain X capture

Two early Ethereum (ETH) wallets that had been inactive for a long time have awakened and moved large-scale assets.

On the 26th, according to on-chain analytics firm Lookonchain, the two dormant wallets, unused for more than 8 years, recently transferred 200,000 ETH (about $785,000,000·1,107,000,000,000 won) to two new addresses.

The owner of the wallets is understood to have primarily sourced ETH from the Bitfinex exchange in the past. It was confirmed that, to date, a total of 8 wallets hold approximately 736,316 ETH (about $2,890,000,000·4,000,000,000,000 won).

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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