Dormant Wallet Buys $5.4 Million in Ether With Three-Year-Old Funds

An Ethereum wallet dormant for about a year bought roughly $5.4 million in Ether (ETH) in a single transaction at $2,113.46 per token, using USDT funds withdrawn from exchanges about three years earlier. The address was 0xB47…0511e.

The wallet received 5.4 million Tether (USDT) before the trade. The stablecoins had been withdrawn from several trading platforms about three years ago, when ETH was near $1,500, and kept in a wallet. The purchase followed roughly 12 months without activity at the address.

At $2,113.46, the purchase price was below three other dormant-wallet buys listed for February, May and August: $2,195, $2,267 and $2,447.49. A separate address that had been inactive for two years sent 33,180 ETH to Bitfinex in September. The examples show different activity among dormant addresses: this wallet bought ETH, while another transferred ETH to an exchange.