Anonymous cryptocurrency owner moves $ 16 million into ETH after five years of inactivity

According to Lookonchain, the Ethereum cryptocurrency wallet with 10,266 ETH ($ 16 million at today’s exchange rate) became active for the first time in more than 5 years of inactivity — the user transferred his savings to another cryptocurrency wallet.

After some time, the crypto-miner moved the funds again — to 5 different wallets. The user also transferred 2500 ETH ($ 3.9 million at the time of writing) to the Poloniex crypto exchange.

An address that has been dormant for more than 5 years transferred 10,266 $ETH ($ 16M) out.

The 10,266 $ETH was obtained through mining in 2017.

Among them, 1,322 $ETH ($ 2M) was transferred to #Poloniex.https://t.co/hsXiBh5iS2 pic.twitter.com/7L1nkx6Fe6

— Lookonchain (@lookonchain) March 6, 2023

As it became known, the investor accumulated these funds in 2017, when ETH $3,364.97 Bridged Ether (StarkGate) 7.46% Market capitalization $0.28 billion VOL. 24 hours $3.14 billion was trading for $ 370. Thus, at the time of writing, the user managed to earn more than $ 12 million.

This is not the first time in recent months that cryptocurrency whales have «woken up». In February, the owner of a bitcoin wallet earned more than $ 9.6 million after 11 years of inactivity with the cryptocurrency. Back in September 2012, an anonymous cryptocurrency wallet owner purchased 412.23 BTC and hasn’t done anything with them since. Interestingly, if two years after purchasing the cryptocurrency, the owner of the bitcoins decided to sell them, he would have earned only $ 200 thousand.

Also, in early January 2023, a bitcoin wallet that had not been active for almost four years suddenly moved about $ 250 million in cryptocurrency to another unknown BTC address.