- An Ethereum pre-mine wallet from 2014 was reactivated after 9.4 years, holding $6.5 million in ETH.
- Whale Alert tracked significant Ethereum transfers, with one transaction totaling $164.9 million.
- BlackRock’s Ethereum ETF saw $44 million in inflows, surpassing Bitcoin ETF outflows of $188 million.
A dormant Ethereum wallet tied to the network’s 2014 initial coin offering (ICO) has resurfaced after nearly a decade. Blockchain analytics platform Whale Alert revealed that the pre-mine address, inactive for 9.4 years, contained 1,940 ETH. The wallet, originally credited during Ethereum’s Genesis block, has significantly appreciated, reflecting Ethereum’s remarkable growth since its launch.
Unprecedented ROI on Genesis-Era ETH
The reactivated wallet held Ether initially valued at $601 in 2014. Now, the same holdings are worth $6,567,522—a staggering increase of over 1,092,728%. This reawakening highlights the immense profitability experienced by early Ethereum investors and underscores the long-term value of blockchain-based assets.
The Ethereum network has witnessed a surge in large-scale transactions this week. Besides the pre-mine wallet, Whale Alert recorded multiple significant transfers, including 15,000 ETH (approximately $50.7 million) withdrawn from Binance and 47,534 ETH ($164.9 million) exchanged between unidentified wallets. Such activities indicate ongoing high-volume interest among major players in the Ethereum ecosystem.
Ethereum’s Recent Market Movements
Despite these whale movements, Ethereum’s price has faced challenges recently. In the last two days, Ethereum fell by about 5% dipping to $3,320 from $3,495 before slightly recovering to $3,420. In the first half of June, Ethereum registered a fall of 22% which is not unusual for Ethereum or Bitcoin after the Fed talks about tightening up the money supply.
Ethereum’s appeal extends beyond individual transactions. BlackRock’s iShares Ethereum Trust ETF (ETHA) has seen substantial inflows, with $44 million recorded earlier this week. Meanwhile, its counterpart, the iShares Bitcoin Trust ETF, faced $188 million in outflows. These figures reflect growing institutional interest in Ethereum as an investment vehicle, especially as spot ETFs gain traction.
DISCLAIMER:
The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
