"After 8 years of sleep, the pre-mined Ethereum address woke up and held 1,000 ETH"

A long-dormant Ethereum address holding a large amount of ETH has been reactivated after more than eight years to take advantage of the recent uptrend.

According to Whale Alert, an Ethereum address that has been dormant for 8.7 years has just been activated and contains 1,000 ETH worth $3.56 million.

Activation details

Blockchain data shows that the address is a pre-mined address that was created long before Ethereum was officially launched in 2015. Notably, this unmarked address received 1,000 ETH via the genesis transaction on July 30, 2015. However, the address has remained dormant since then.

As the price of Ethereum surged to the $3,600 region, this address recently emerged from hibernation and began making a series of transactions, each with amounts ranging between 2 and 100 ETH.

The address made an initial transaction worth 2 ETH at exactly 01:09 (UTC) today. Furthermore, this pre-mined wallet transferred 8 ETH to another address two hours later.

The last transaction was confirmed at 04:46 (UTC). This time, the address transferred 100 ETH worth $356,111 to another wallet. In total, the pre-mined address transferred 110 ETH to three different receiving wallets. As of press time, the receiving wallets had still not moved the funds.

After these transactions, the ancient address now holds 889.99 ETH, worth $3.17 million. At the time of writing, it is unclear who is behind this address.

Other dormant pre-mined Ethereum addresses are activated

The recent activation of Ethereum addresses is not an isolated incident, as Whale Alert has reported a series of similar incidents. Last month, a pre-mined Ethereum address containing 238 ETH was activated after lying dormant for eight years and six months.

In January, a similar incident occurred, when an Ethereum address containing 200 ETH of pre-mine funds was reactivated after lying dormant for nearly eight and a half years.

As mentioned earlier, network participants also activated dormant pre-mined Ethereum addresses containing 200 and 500 ETH.

The latest enablement had no negative impact on ETH prices. At press time, ETH is trading at $3,561, having gained 0.98% over the past day.

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