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

By
Takashi Sato
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

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.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings

We use cookies on our website to enable certain functions, to provide more relevant information to you and to optimize your experience on our website. Further information can be found in our Privacy Policy and our Terms of Service . Mandatory information can be found in the legal notice