Wallet inactive for 4 years shows activity: three wallets simultaneously make moves to purchase $13.1M worth of ETH

According to on-chain data, three Ethereum wallets that have been dormant for four years have recently become active. These wallets, which may be controlled by the same entity, purchased a total of 5,970 ETH during the market decline eight hours ago, with an average transaction price of $2,195.

Mysterious Wallets Make Large Moves

What’s notable about this transaction is that the wallets used for the purchase have had no on-chain activity for four years. The sudden influx of funds and large purchase suggest that the entities or individuals controlling these addresses are seizing the opportunity at the market bottom.

Data shows that the ETH was bought at a price of $2,195, while the current ETH price has fallen to $1.94K. This indicates that the purchase occurred at a relatively high price point. If this was a strategic move, the buyer may be betting on Ethereum’s long-term value rather than short-term gains.

On-Chain Market Signals

Such phenomena are often watched closely in the crypto market, as the activation of large wallets is typically seen as an important indicator of market sentiment. The sudden awakening of dormant wallets often signals that major players are positioning themselves, laying the groundwork for the market’s next move.

Regardless of the true identities behind these wallets, the $13.1 million purchase reflects a strong confidence in Ethereum’s long-term value. On-chain data trackers will continue to monitor the next moves of these addresses.