Two early Ethereum wallets from the blockchain’s launch phase, created in 2015, were reactivated, moving a total of 1,140 ETH worth US$2.9 million.
These wallets were funded through GENESIS transactions during Ethereum's initial token distribution, with one wallet originally receiving 900 ETH when the token's value was below US$0.50.
The reactivation of these wallets is part of a trend of activity from long-dormant accounts in the cryptocurrency space, similar to recent movements seen in Bitcoin and Ethereum.
Although significant, the balances in the reactivated Ethereum wallets do not meet the threshold for 'whale' status, which requires holding 10,000 ETH or more based on current prices.