{"id":507917,"date":"2022-10-26T17:00:03","date_gmt":"2022-10-26T17:00:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=507917"},"modified":"2022-10-26T11:11:05","modified_gmt":"2022-10-26T11:11:05","slug":"dormant-ethereum-whale-rouses-as-crypto-market-sees-a-revival","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/dormant-ethereum-whale-rouses-as-crypto-market-sees-a-revival\/","title":{"rendered":"Dormant Ethereum Whale Rouses As Crypto Market Sees A Revival"},"content":{"rendered":"

The crypto market has now seen a much-needed recovery after weeks of flat market prices. Most digital assets in the space are currently in the green and Ethereum is no different. The second-largest cryptocurrency by market cap is up by more than 14% in the last 24 hours, plunging more investors into profit. Just like everyone else, a dormant whale has roused from their sleep to benefit from the current market recovery.<\/p>\n

Ethereum Whale Wakes Up<\/h2>\n

Through the recovery that has rocked the crypto market, none has been more interesting than the ETH whale that has roused after more than 6 years of dormancy<\/a>. The whale had made a transfer for the first time in six years, moving millions of dollars worth of ETH to two addresses.<\/p>\n

This whale had begun to be active just as the price of the digital asset was rallying. By the time the whale was done moving thousands of ETH to other addresses, the second-largest cryptocurrency by market cap would grow by another 8%.<\/p>\n

Related Reading: Total LUNC Burned Crosses 24 Billion, But Is It Enough?<\/a><\/div>\n

Even after transferring out more than 16,000 ETH, there is still a little over 85,000 ETH left on the balance of this whale. For those wondering where all of these ETH came from, a little backtracking through three wallets shows that some of the ETH (20,000) had actually come from the Ethereum Genesis block.<\/p>\n

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\ud83d\udc33\ud83d\ude32 An #Ethereum<\/a> whale wallet that had not been active for 6+ years woke up today & moved $22.2M worth of $ETH<\/a> to an empty wallet. $ETH<\/a>'s price is +8.1% since this transaction, briefly jumping over $1,500 for the 1st time since the #merge<\/a> 6 weeks ago. https:\/\/t.co\/bLwZZwhJSa<\/a> pic.twitter.com\/L78mAfJHq2<\/a><\/p>\n

— Santiment (@santimentfeed) October 25, 2022<\/a><\/p><\/blockquote>\n