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Ethereum Price Faces Pressure as Dormant $21.9M ETH Wallet Activates After 9 Years

Ethereum Price Faces Pressure as Dormant $21.9M ETH Wallet Activates After 9 Years


CoinOtag
2024-06-08 09:26:55

A previously inactive pre-mined Ethereum address containing around $21.9 million became active after nearly nine years of dormancy. An Ethereum Foundation-associated wallet deposited a substantial 15,254 ETH amidst Ethereum’s price decline. Ethereum’s demand has surged post-approval of spot ETH ETFs in the US. Explore the recent movements in the Ethereum market as pre-mined addresses activate


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