Dear Reader, it is with a mix of astonishment and mild disdain that we report a pre-mined address, long dormant, has recently stirred from its slumber, having amassed a modest fortune of 2,000 ETH (a mere $5.9 million, though one might argue it is a fortune of considerable magnitude). Alas, this sum was once but a paltry $620-proof, if any were needed, that patience is a virtue, albeit one fraught with peril for the impatient.
During the initial 14 days of the 2014 sale, the price was fixed at 2,000 ETH for 1 BTC-a bargain, some might say, though others (namely, the investor in question) would likely have preferred a more prudent allocation of their assets. 🧠💸
Indeed, this investor, with a mind as sharp as a needle, paid precisely one Bitcoin (approximately $600 at the time) for that wallet, a transaction that now seems as quaint as a Regency-era tea party. 🍵
Other Notable Activations, Indeed!
Over the past two months, a veritable horde of “sleeping giants” has stirred, their dormant wallets now buzzing with activity. On December 1st, an address containing 40,000 ETH (a sum that would make even Lady Catherine de Bourgh swoon) emerged from its slumber, transferring funds to a new wallet and staking the entire amount on the Ethereum Beacon Chain. Instead of cashing out a 9,600x return, the owner chose to earn yield-a decision as prudent as it is… perplexing. 🤔
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On December 10th, a whale sold 850 ETH on Coinbase for roughly $2.8 million, a gain of 10,684%-a figure that would make even Mr. Darcy blush with envy. 🎩💸
Smaller transfers to exchanges, while often met with sighs of dread (for fear of “OG” dumping), are, in truth, a dwindling menace. According to some estimates, only about 600 of these original Genesis wallets remain completely dormant. Each “Whale Alert” is a bittersweet reminder that the era of the sleeping giant is waning. 🐟
As for staking, the Pectra upgrade has introduced MaxEB (Maximum Effective Balance), raising the limit for a single validator to 2,048 ETH. Whales, ever the shrewd investors, are likely consolidating their assets-though one wonders if they might soon be found napping in the Ethereum blockchain, their dreams filled with yield farming and 10,000x returns. 🧘♀️
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2025-12-20 00:00