9-Year Dormant Ethereum Wallet Springs to Life, Realizing $7 Million Gain

An Ethereum wallet that had been inactive for 8.7 years suddenly gained attention as it was activated, with the owner realizing a remarkable $7 million profit. This activation follows similar instances of other dormant Ethereum wallets being reawakened, raising questions about the owners' identities and intentions. The surge in Ethereum's value and the potential approval of an Ethereum spot exchange-traded fund by the SEC may be driving these activations. Additionally, Ether has displayed strength despite a recent price retracement, with the cryptocurrency trading at $3,567 at press time, reflecting a 6.99% surge over the past 7 days.