The bear market, which continues throughout 2022, will increase investors’ assets. Ethereum and caused it to hold in Bitcoin. The movements of the two leading cryptocurrencies are also considered to be the harbinger of the market trend.
Ethereum wallets that have been dormant for a long time recently moved 22,982 ETH to new addresses. Your wallets had been dormant for more than four years. Tokens have moved from Genesis and Poloniex platforms. 13,103.99 ETH from Genesis, 9,878 ETH from Poloniex.
#PeckShieldAlert 2 Dormant addresses transferred 22,982 $ETH (~27.2M) to 2 fresh addresses, their last movement was October 2018 (1,535 days ago).
these $ETH originated from Genesis and Poloniex pic.twitter.com/MXKpLnypif— PeckShieldAlert (@PeckShieldAlert) December 19, 2022
Peckshield noted that the last movement of the Ethereum assets in question was in October 2018, when the price was hovering between $190 and $230. On the day of the transfer, the price of the asset was around $1,200 per ETH.
The flowchart image above shows the historical movement of assets and how they have traveled from trading environments to new addresses over the years. While no details have yet been disclosed, the community speculates that there are links to a financing guarantee for a project.
Ethereum, co-founders Vitalic Buterine and was released in July 2015 as a result of work by Charles Hoskinson. The Ethereum Merge upgrade marked a milestone for the blockchain and reduced energy consumption by 99.9%.
Proof-of-stake consensus leaves a much smaller carbon footprint compared to previous proof-of-work consensus. According to the data, the carbon footprint is currently at the level of 0.1 million dollars CO2 per year.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.