.whale_alert has spotted another pre-mine Ethereum address that has been activated
It is unclear why the aforementioned address got activated after all these years. Some users started joking about Ethereum co-founder Vitalik Buterin finding a dusty wallet under his bed.
The funds in question appear to have been transferred to William Sutanto, chief technology officer of the Indonesian exchange indodax. , another awakened ICO-era address was spotted in late October. The development of Ethereum, which ended up becoming the second-biggest blockchain, was funded with the help of $18 million worth of pre-launch tokens.
The ETH token initially started trading at just $2.77 on the Kraken exchange back in 2015. In November 2021, the price of the cryptocurrency peaked at a whopping $4,878.In mid-September, Ethereum finally transitioned to proof-of-stake as part of the Merge upgrade. This was the most highly anticipated upgrade since the blockchain’s launch.
However, the much-anticipated upgrade failed to revive Ether’s bullish moment. The cryptocurrency is now struggling due to the combination of the macro headwinds and the
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