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Two Ethereum wallets, inactive for nearly a decade, suddenly moved 1,140 ETH worth $2.9 million. These wallets date back to Ethereum’s 2015 mainnet launch, receiving ‘GENESIS’ transactions. The event highlights Ether’s staggering 90,000% appreciation over 10 years.
- The wallets were created on July 30, 2015, during Ethereum's 'Frontier' mainnet launch phase.
- Ethereum shifted from proof-of-work to proof-of-stake in 2022, drastically cutting energy use.
- The 1,140 ETH moved had appreciated by ~90,000% since the wallets' inception.
📎 Related coverage from: cointelegraph.com
Related Tags: Ethereum
Other Tags: Blockchain, Ethereum blockchain, Genesis