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Dormant Ethereum wallet awakens after 11 years, a sign of an ETH rebound?

A dormant Ethereum wallet dating back to the pre-mine era has moved again after 11 years, drawing market attention. Whale Alert said a pre-mine address holding 2,000 ETH was reactivated, with holdings now worth about $3.79 million, compared with about $620 in 2015. Similar reactivations have occurred this year, and Whale Alert also tracked long-dormant Bitcoin wallets moving again. Institutional Ethereum buying has continued, including additional purchases by Bitmine.