Ethereum Holder Moves $2.2 Million in Coins Acquired When ETH Was Under 50 Cents
The post Ethereum Holder Moves $2.2 Million in Coins Acquired When ETH Was Under 50 Cents appeared on BitcoinEthereumNews.com.
An Ethereum investor has started moving 900 ETH coins valued at $2.2 million, untouched for nearly a decade since their acquisition in 2015 when ETH was priced under 50 cents. This movement highlights a growing trend of long-term crypto holders reactivating significant holdings amid evolving market dynamics and Ethereum’s transition to proof-of-stake. According to COINOTAG, these coins are part of the “genesis” batch, originally pre-mined and allocated to early developers and contributors before Ethereum’s public launch. Ethereum investor moves 900 genesis ETH after 10 years, signaling renewed activity in long-term holdings amid market shifts and Ethereum’s proof-of-stake evolution. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Long-Term Ethereum Holdings Reactivate as Market Dynamics Shift The recent movement of 900 ETH, originally acquired at a fraction of a dollar, underscores a significant moment for long-term holders who have remained dormant since Ethereum’s early days. These “genesis” coins were pre-mined during Ethereum’s initial block, distributed to foundational contributors before the network opened for public transactions. The decision to move such a substantial amount after nearly a decade suggests a reassessment of portfolio strategies in response to current market conditions. Impact of Ethereum’s Transition to Proof-of-Stake on Holder Behavior Ethereum’s shift from a proof-of-work to a proof-of-stake consensus mechanism in 2022 has altered the landscape for holders and miners alike. While mining previously generated new ETH, the current staking model rewards participants…
Filed under: News - @ July 8, 2025 1:23 am