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The sleeper ethereum wallet wakes up 10 years later

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Ethereum has been combined About $ 2,500 price level Over the past few days, a few momentum appears in either direction. The second largest coded currency is struggled by the market ceiling to keep the outbreak over the 2600 dollar resistance area, though Flows to ethereum spot etfs Last week.

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One of the events that caused attention, and you may be concerned, between Ethereum holders is the reactivation of the sleeper whale portfolio carrying millions of ETH. The sudden wake of this long active address raises questions about Possible sale pressure And its impact on the market.

The first treatment of the inert eth title since 2015

The whale whale alerts on the series were the first to inform the pre -flagrant redemption of Ethereum, which was neither active for nearly a decade. According to the great trading trader on the series, the wallet, which held 2000 ETH, began its last treatment 9.9 years ago. When the portfolio transferred the last money in 2015, the entire value of the hideout was only $ 620. Today, the value of this amount is estimated at more than 5 million dollars, making the owner’s profits about 820 x based on the current prices. At the price of ETHEREUM at all $ 4,878 in 2021, cryptocurrencies reached 1573X.

Witness alerts, which noticed the first treatment after 9.9 years, included the transfer of 0.0001 ETH from Pisces “0xcf26” To treat “0x2C12”, which is the newly created ETH address. However, transaction data on the ETHERSCAN series reveals that the whale address has sent 500 ETH to the newly created address shortly.

ETH is currently trading at $ 2516. table: Tradingvief

After the treatment chain Data from ethescan It explains that this 500 ETH finally makes its way to the title “0x28c6”, which is known to be owned and controlled by Binance Crypto Exchang. This means that 500 ETH may have already been sold on the stock exchange or currently prepared for filtering.

Brace for Impact: Will the remaining 1500 ETH be sold?

As of now, the original whale address still holds about 1500 ETH, at a value of $ 3.796 million currently. However, it opens the issue of whether the rest of the money will also be sold. Although we cannot be sure of the planned full liquidation, the ETH 500 and the sharing of the exchange address indicates that the possibility cannot be rejected.

Currently, ETHEREUM is to make a fragile price around the price level of $ 2500. If more ETH is discharged by whales, then the additional sale pressure may make it difficult for ETHEREUM to get out of the current monotheism, especially if there is It is not enough to buy the purchase pressure To absorb the sold eth.

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At the time of writing this report, ETHEREUM is traded at $ 2525. The past 24 hours have been spent by Ethereum trading between $ 2549 and $ 2,495.

Distinctive image from Unsplash, tradingvief chart

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