In a surprising turn of events just before Ethereum (ETH) soared to a new 22-month price peak, a dormant Ethereum wallet from the initial 2015 Ether ICO has been activated after eight years of inactivity. The owner of this premine wallet is now sitting on a staggering profit, with the value of their holdings reaching approximately $10.4 million, showcasing a monumental 10,000x increase. This remarkable movement was detected by Whale Alert, an automated tracker of on-chain activities, at approximately 1:48 p.m. UTC. The wallet owner transferred 1,732 Ether, valued over $5 million, to Kraken, a leading cryptocurrency exchange. This significant transaction leaves the wallet with an additional 1,733 Ether still available for sale. This event highlights a broader trend where early Ethereum ICO participants are starting to move their holdings, signaling a renewed interest and confidence in the Ethereum ecosystem. Such movements not only reflect Ethereum’s growing strength but also its enduring appeal to both early adopters and new investors alike.

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