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Ancient Ethereum whale awakens after 10 years, holding $4.2 million worth

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Ethereum news broke on May 25 when an ancient whale address '0x158' moved funds for the first time in over 10 years. The address originally purchased 2,000 ETH during the Ethereum ICO at approximately $0.31 per token. The holdings are now worth $4.2 million. Ethereum’s price remains under close watch as the movement reignites interest in long-dormant wallets.

BlockBeats news, on May 25, according to Arkham monitoring, an ancient Ethereum whale, dormant for over 10 years, has shown its first activity. The address '0x158' acquired 2,000 ETH during Ethereum's ICO at a cost of approximately $620, or about $0.31 per ETH, and has not conducted any transfers in the past decade.


Just 10 minutes ago, this address moved its assets for the first time. At today’s market value, this ETH is worth approximately $4.2 million, representing a return of over 6,800x.

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