From Investing.com:

An inactive Ethereum whale has emerged from an 8.5-year dormancy, transferring 100 ETH worth $230,159. The address, dormant since 2015, sent 20 ETH to one undisclosed address and 77 ETH to another, sparking curiosity and concern about potential Ethereum price volatility.

Another dormant Ethereum address containing 492 ETH valued at $1.14 million was recently activated after its genesis block. This trend of large dormant addresses becoming active has the cryptocurrency community on high alert.

The sudden activation of dormant whales in the crypto market prompts speculation about potential ramifications for Ethereum’s price. Historical data indicates that similar instances often triggered market volatility, and market participants are advised to exercise prudence to avoid overestimating potential risks.

The sudden activation of dormant whales in the crypto market prompts speculation about potential ramifications for Ethereum’s price. Historical data indicates that similar instances often triggered market volatility, and market participants are advised to exercise prudence to avoid overestimating potential risks. If more such entities resurface, market participants are advised to heed historical patterns and exercise caution.

The sudden activation of dormant whales in the crypto market prompts speculation about potential ramifications for Ethereum’s price. Historical data indicates that similar instances often triggered market volatility, and market participants are advised to exercise prudence to avoid overestimating potential risks. If more such entities resurface, market participants are advised to heed historical patterns and exercise caution.



Read more: Another Dormant Ethereum Whale With Pre-Mined ETH Suddenly Wakes Up By U.Today