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A ten-year-old address suddenly awakens: 40,000 ETH is not cashed out but staked instead.
Interesting things are coming in the crypto world.
An Ethereum early address that had been dormant for a full ten years suddenly moved—transferring out 40,000 ETH, which is approximately $120 million at the current price. More importantly, this batch of coins chose not to cash out but instead started to stake on the ETH 2.0 route.
Are the old players who entered the market ten years ago still willing to lock up their assets and bet on the future of Ethereum? This operation reveals some information. It's important to know that back then, the ICO cost might have been just a few dollars per coin, and now it has become astronomical returns. Being able to stay put and even continue to increase the stake is either true belief or a positive outlook on the upcoming market.
Market participants generally pay more attention to address movements at this level.