A million-dollar Ethereum wallet wakes up from 8 years of sleep

An ETH wallet with $ 1.2 million in it, which is thought to have participated in the initial public offering of Ethereum, has taken action.
The Ethereum wallet, which has been in a deep sleep for almost 8 years, has finally woken up. It has been learned that the wallet in question is a wallet that participates in the IPO process of Ethereum. 641 ETH in the wallet has been moved to another address. At today's exchange rate, 641 ETH is equivalent to $1.2 million.
The Ethereum wallet, which woke up from its 8-year sleep, took action. According to data from Lookonchain, ETHs in the wallet have been moved for staking. Meanwhile, according to the data, the wallet received 2,000 ETH while the price of ETH was still $ 0.31. This corresponds to about 3,000 days ago. The total amount today is over $3.72 million.
The frequency of wallets waking up recently is noteworthy. In July, another wallet, which had been sleeping for 8 years, was awakened. The early period ETH buyer managed to attract attention with a transfer of $ 116 million.
Why are wallets waking up?
Actually, there is no clear answer to this question. The movements made by the first participants are mostly for token trading, wallet address update or profit realization. It is also another reason why users want to diversify their assets.
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