Whale Alert
A dormant Ethereum pre-mine address holding 790 ETH — valued at roughly $1.78 million today — has been activated after sitting untouched for 10.8 years. When the wallet was last active in 2015, those coins were worth just $244 in total.
Pre-mine wallet activations draw attention because the holder acquired ETH at near-zero cost basis, meaning any sale represents pure profit with no price pressure resistance. While 790 ETH is a modest sum relative to daily DEX volume, the pattern of early wallets waking up is historically associated with distribution events — worth monitoring if similar addresses follow suit in the near term.
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