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

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According to the Whale Alert service, which tracks large cryptocurrency transactions, the anonymous owner of 500 ETH moved them from an address that had been 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 virtually no value, but now their total value is about $631,500. 

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In the comments below the tweet, someusers joked that it could be the co-founder of Ethereum, Vitalik Buterin, who accidentally discovered a dusty notebook with wallet data under his bed.

A dormant pre-mine address containing 500 #ETH (631,500 USD) has just been activated after 7.3 years!https://t.co/1YOxGrB1VO

— Whale Alert (@whale_alert) November 15, 2022

This is not the first time that afterFor several years, “dormant” addresses have been activated. In September, before the Ethereum merger, many large ETH holders began moving their funds in hopes of making good profits.

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are concerned about the availability of reserves at centralized exchanges, so large volumes of crypto assets are being withdrawn from them.

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