Dormant Address That Was Asleep for Years Suddenly Acquires ETH Worth Billions of Rupiah

In an interesting development in the blockchain world, three wallet addresses that had been inactive for four years have recently come back to life with a major acquisition. These three wallets, believed to be controlled by the same entity, collectively gathered 5,970 ETH with a total value of $13.1 million.

This phenomenon has attracted the crypto community’s attention because it indicates activity from what is known as “dormant addresses” — wallets that have shown no blockchain activity for a long time. The sudden return of activity from such wallets is often a significant signal in the market.

Purchase Strategy and Average Transaction Price

According to data from Odaily, these three dormant addresses made purchases at an average price of $2,195 per ETH. The three wallets involved in these transactions are 0xF78…4d25, 0x5F4…7f86, and 0xc62…85F8.

Recent data shows that the current ETH price is around $2,100, providing an interesting perspective on the timing of these acquisitions by the dormant addresses. This movement indicates that the entities behind these wallets have a planned long-term accumulation strategy.

Market Implications of Dormant Address Activity

The return of activity from dormant addresses involving a transaction scale of $13.1 million cannot be ignored by blockchain analysts. Such phenomena often serve as indicators of whale movements or large institutional players who have long held their positions.

With significant transaction value and a long dormancy period, this activity from dormant addresses demonstrates confidence in ETH’s future prospects, despite the market experiencing complex fluctuations.