A 10.8-year dormant Ethereum address just woke up — 10,000 ETH now worth $22.8M.

A pre-mine Ethereum address that had sat untouched for nearly 11 years was activated this week, moving 10,000 ETH currently valued at roughly $22.8 million. When the coins were first deposited in 2015, the entire holding was worth around $3,100 — a return of roughly 7,000x at today's prices.

Dormant pre-mine activations are watched closely by the market because early holders sitting on outsized gains can represent latent sell pressure. Whether this wallet moves the ETH to an exchange or simply consolidates it on-chain will be the next data point to watch.

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Aggregated from Whale Alert · Verified · Last refreshed 12d ago

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Whale Alert ✓ @whale_alert · 12d ago

💤 💤 💤 A dormant pre-mine address containing 10,000 $ETH (22,867,575 USD) has just been activated after 10.8 years (worth 3,100 USD in 2015)! https://t.co/XdN4JIizc9

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