10-4-2025 – A dormant digital wallet has sprung back to life after a two-year hiatus, executing a substantial Ethereum transaction. The wallet holder, whose identity remains undisclosed, offloaded 10,702 ETH tokens in exchange for USDC stablecoins, netting $16.86 million at an average rate of $1,576 per token.
The transaction, initially spotted by blockchain analytics platform Onchain Lens and subsequently reported by PANews, marks a significant movement in the Ethereum ecosystem. Despite this considerable sell-off, the wallet maintains a robust position in the market, holding onto 6,336 ETH tokens, representing approximately $10.53 million at current valuations.
