Ethereum Foundation Wallet Moves $295 Million After Long Inactivity

An Ethereum Foundation-affiliated wallet that had been inactive for over six years recently resumed activity, transferring 92,500 ETH, roughly $295 million, to a new address.

This wallet’s last known activity was over six years ago, drawing notable interest from the crypto community.

The funds were initially allocated by the Ethereum Foundation on September 1, 2015, shortly after Ethereum’s launch. The purpose of this transfer is unclear, but it has not led to major market changes.

Bitcoin and Ethereum rebounded on Thursday, recovering to earlier week levels. Bitcoin saw a 4.58% increase, reaching $67,166, while Ethereum rose by 2.1% to $3,243.

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This recovery comes after a significant drop on Wednesday due to market-wide liquidations. Despite the bounce-back, investor sentiment remains mixed.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.