December 5, 2022

"Kit" transferred 500 ETH from an inactive address for more than 7 years

Article reading time:
2 minutes.

"Kit" transferred 500 ETH from an inactive address for more than 7 years

According to the Whale Alert service, which tracks large transactions with cryptocurrencies, an anonymous owner of 500 ETH moved them from an address that was inactive for 7 years and 3 months.

According to the Whale Alert service, these coinsappeared in the user's wallet even before the official launch of the Ethereum network. At that time, they had practically no value, but now their total cost is about $631,500.

In the comments under the tweet, some users joked that it could be Ethereum co-founder, Vitalik Buterin, who accidentally found a dusty notebook with wallet data under the bed.

This is not the first time that afterseveral years, dormant addresses are activated. In September, before the Ethereum merger, many large ETH holders began to move their funds in the hope of making a good profit.

Now the reason may be different.Due to the closure of the FTX exchange and related crypto companies, users are concerned about the availability of reserves from centralized exchanges, therefore large volumes of crypto assets are withdrawn from them.

At the beginning of the month, a major cryptocurrency ownerDOGE also for the first time moved 2.37 million coins from the address, which had been accumulating for about nine years. And last year, 616 bitcoins, which have been stored in the wallet since 2012, came into motion.