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In a striking development, dormant Ethereum (ETH) wallets tied to cofounder Vitalik Buterin have come alive, coinciding with the cryptocurrency’s price spike. A recent flurry of activity was observed when 200 ETH, valued at $600,000, were moved to Kraken, a major U.S. cryptocurrency exchange. This transaction has reignited interest in Ethereum’s robustness and Buterin’s visionary contributions.
The journey of these coins began nine years ago, starting from a wallet address known as “0x5eD,” which played a pivotal role in funding Buterin’s early Ethereum ventures. Initially, 2,000 ETH were transferred to another wallet “0x2FE” and sat untouched, illustrating the long-term confidence in Ethereum’s potential.
The resurgence of these funds into active trading underscores Ethereum’s enduring appeal and stability in the volatile crypto market, highlighting the strategic long-term holding by its early adopters.
