Key Highlights
- Two Ethereum wallets from 2015 reactivated, moving 1,140 ETH worth $2.9 million
- Bit Digital triples ETH holdings; Pectra upgrade drives ETH rally from $1,812 to $2,557
Yello Paradisers! After nearly a decade of dormancy, two Ethereum wallets from the network’s genesis block moved a combined 1,140 ETH (worth approximately $2.9 million) on Monday. These wallets, starting with addresses “0x27” and “0x7f”, had remained untouched for exactly 3,630 days since Ethereum’s launch on July 30, 2015.
Blockchain monitoring service Whale Alert flagged the transactions, noting that the 900 ETH moved from one of the wallets was worth just $279 in 2015, highlighting Ethereum’s price surge of over 89,000% since then.
Dormant Wallet Trend Intensifies Across Crypto
This isn’t an isolated case. Similar wallet reactivations have been seen across the broader crypto ecosystem. Just last week, three Bitcoin wallets from the Satoshi-era moved over $44 million after lying inactive for 14 years. A U.S. government wallet also sent 86.56 ETH to Coinbase Prime, originally seized during a 2022 NFT fraud crackdown involving Chase Senecal.
The re-emergence of long-dormant wallets adds a layer of mystery and tension to an already watchful market, especially as smart money continues to reposition itself in this post-ETF landscape.
Pectra Upgrade Pushes ETH Higher
Despite the whale movements, Ethereum’s price has remained stable around $2,542, thanks in large part to recent protocol developments. The Pectra upgrade, rolled out in May, introduced smart accounts and key scalability enhancements, triggering a rally from $1,812 to current levels.
Ethereum developers like Vitalik Buterin and Toni Wahrstätter have continued pushing network upgrades. The latest includes a gas cap proposal of 16.77M per transaction, aimed at improving throughput and efficiency.
Bit Digital Goes All-In on Ethereum
Meanwhile, Bit Digital (BTBT) made headlines by shifting its treasury focus to ETH, increasing its holdings from 24,434 ETH in Q1 to 100,603 ETH in Q2, a 300% surge. The company sold 280 BTC and leveraged proceeds from a $172 million public offering to support this transition.
CEO Sam Tabar stated that the company now aims to become the largest Ethereum-holding public firm in the world. The move mirrors a growing institutional pivot toward Ethereum, with firms like SharpLink Gaming (SBET) and BitMine (BMNR) launching offerings totaling hundreds of millions to accumulate ETH.
Data from CF Benchmarks suggests that corporate ETH and SOL holdings could increase tenfold over the next year, underscoring the shift in treasury dynamics.
We Will Cover This Trend in Our MCP Stream
We will break down how whale wallet reactivations, institutional ETH pivots, and how the Pectra upgrade would shift Ethereum’s risk-reward profile for Q3.
MCP News Private will follow up on this with a deeper breakdown and real-time reactions from the market.
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Two Ethereum genesis whales just woke up after 9 years, moving millions as ETH rallies. When ancient wallets stir, smart traders read between the blocks. Is your Ethereum strategy tuned for whale signals or still guessing headlines?
