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Ethereum bulls wake up after four years to transfer 22,982 ETH

Published 12/19/2022, 02:30 AM
Updated 12/19/2022, 04:00 AM
© Reuters
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At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ethereum (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move.

Two addresses that have remained dormant for over four years recently came back to life to transfer 22,982 ETH to new addresses — leaving investors scratching their heads. The ETH tokens in question originated from trading platforms Genesis and Poloniex and were found transferring 13,103.99 ETH and 9,878 ETH, respectively.

Historical movement of the ETH funds. Source: Peckshield
The Ethereum Energy Consumption Index. Source: digiconomist.net

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