4-Year Slumber Ends: Dormant Ether Wallet Converts to $4.19M in Stablecoins

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4-Year Slumber Ends: Dormant Ether Wallet Converts to $4.19M in Stablecoins
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Long-dormant ethereum wallet with 2,594 ETH, swapped $4.19 million in USDT and DAI.

Another dormant Ethereum address has woken up from a slumber after four years. The wallet received approximately 2,594 ETH on November 27th, 2018, worth at the time $285,836.

During the same period, another whale that had been dormant for two years woke up four days ago and transferred 10K ETH out. Out of this stash, the owner has recently deposited 6,000 ETH into the Kraken exchange, amounting to roughly $10 million in current value.

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