After Bitcoin (BTC), Ethereum (ETH). Two ETH wallets dating back to 2015 have just woken up. The cryptocurrencies they contain have seen a 90,000% increase over the last ten years.
Dormant Ethereum wallets wake up
As cryptocurrency prices have risen in recent months, we have seen the reawakening of wallets that were previously thought to be dormant. So far, this has mainly been the case for Bitcoin, but this week, two Ethereum wallets have come out of hibernation.
According to the monitoring service Whale Alert, these two wallets had not been touched since the very beginning of Ethereum in 2015. They contain 900 ETH, which was worth less than $1,000 throughout 2015. But since then, the second-largest cryptocurrency has exploded, with the price of ETH reaching thousands of dollars.
Ten years later, ETH has appreciated by nearly 90,000%. At the current price, 900 ETH is worth $2.27 million. This is a huge return on investment, making the owner of these addresses a fortune.
The season of dormant wallets?
A series of “awakenings” has taken place in recent days. On Bitcoin, several wallets dating back to 2014 have shown signs of life – they have transferred billions of dollars in funds.
A relatively large portion of BTC and ETH is dormant, having not been touched since the early days of these blockchains. While these cryptocurrencies are generally considered lost, they do sometimes wake up.
In reality, however, it is very difficult to say with certainty who these “OG addresses” belong to. In total, it is estimated that 1.75 million addresses are part of this mass of dormant addresses on the Bitcoin network alone.
