Dormant Wallets Invest $10.12 Million in 2,736 Ethereum

According to recent data from COINOTAG on December 11, two previously inactive wallets, which may belong to a single entity, executed a substantial transaction, acquiring 2,736 ETH for a total of $10.12 million. This acquisition occurred at an average price of $3,699 per Ether. Significantly, these wallets had previously withdrawn stablecoins from Binance a year prior, indicating a strategic move as they initiated their first purchase only recently. The revival of these dormant wallets suggests a potential shift in market dynamics and highlights the ongoing interest in Ethereum amidst evolving crypto market conditions. Investors should monitor such activities as they could indicate underlying trends in institutional or high-net-worth participation in the crypto space.

Source: https://en.coinotag.com/breakingnews/eth-surge-dormant-wallets-invest-10-12-million-in-2736-ethereum/

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