Large amounts of Ethereum are on the move as previously inactive whale accounts wake from a five-year slumber.
On Dec 19, on-chain analysis Twitter feed ‘Lookonchain’ reported that two dormant Ethereum addresses have started to show activity.
The addresses have not been active for five years but woke up on Dec. 18. Two transfers totaling 22,983 ETH were sent out from the whale addresses. At current prices, the value of the transfers was more than $27 million.
Other analysts reported…
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