Ethereum Foundation Wallet Moves $295 Million After Long Inactivity
26.07.2024 19:30 1 min. read Alexander Stefanov
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.
This recovery comes after a significant drop on Wednesday due to market-wide liquidations. Despite the bounce-back, investor sentiment remains mixed.
-
1
First Leveraged XRP ETF Set to Hit the U.S. Market
08.04.2025 11:16 2 min. read -
2
Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts
04.04.2025 17:00 2 min. read -
3
Ethereum’s Market Dominance Hits Five-Year Low: Can It Bounce Back?
07.04.2025 19:00 2 min. read -
4
Grayscale Targets Solana ETF Launch, Staking Rewards Excluded
05.04.2025 9:00 2 min. read -
5
Are XRP Surges a Red Flag for Bitcoin’s Momentum?
07.04.2025 22:00 2 min. read
Russia Eyes a High-End Crypto Trading Platform for Wealthy Investors
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Crypto Expert Shares Top Strategies for Spotting High-Potential Altcoins
As Bitcoin (BTC) regains stability and altcoins begin to show signs of life, investor optimism is once again on the rise.
From $173 to $224,000: One Trader’s Wild Solana Memecoin Win
In one of the memecoin success stories of the year, a Solana-based trader has turned a $173 investment into over $224,000, thanks to a viral rally in the obscure token TROLL.
Bitcoin Surge Fuels XRP Comeback Hopes
Bitcoin’s recent surge above has reignited enthusiasm across the crypto market, lifting not just the leading cryptocurrency but also signaling a broader altcoin revival.
-
1
First Leveraged XRP ETF Set to Hit the U.S. Market
08.04.2025 11:16 2 min. read -
2
Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts
04.04.2025 17:00 2 min. read -
3
Ethereum’s Market Dominance Hits Five-Year Low: Can It Bounce Back?
07.04.2025 19:00 2 min. read -
4
Grayscale Targets Solana ETF Launch, Staking Rewards Excluded
05.04.2025 9:00 2 min. read -
5
Are XRP Surges a Red Flag for Bitcoin’s Momentum?
07.04.2025 22:00 2 min. read
