On July 7, 2025, two Ethereum wallets that had been dormant for nearly a decade were activated, transferring a combined total of 1,140 Ether (ETH), valued at approximately $2.9 million. These wallets were created on July 30, 2015, coinciding with the launch of the Ethereum blockchain's mainnet, designated as the ‘Frontier’ phase. Both wallets received their initial Ether from ‘GENESIS’ transactions, indicating they were among the first holders of Ether. Over the nearly ten years that these wallets remained inactive, the value of Ether has skyrocketed by approximately 89,450%. This awakening of dormant wallets reflects a broader trend as several other significant wallets across the cryptocurrency space have also begun to move their holdings. In addition, Ethereum’s recent upgrade has introduced features such as smart accounts and enhanced scalability. Following the update, the price of ETH has risen significantly.

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