Early Ethereum whales stirring? Data shows old Ether is moving
Over the last three months, three wallets that participated in the Ethereum ICO have started moving tokens again after nearly a decade of inactivity.
Long-term Ether holders have become increasingly active in the second half of the year as Ether toyed with its all-time highs, with more “ICO-era” holders “awakening” after years of dormancy.
September saw two of the most significant spikes in long-term holder activity since the year’s peak in July, as measured by Santiment’s analytics platform Sanbase’s age consumed metric.
The metric measures the total amount of Ether (ETH) changing addresses, multiplied by the time since they last moved. A spike indicates a significant amount of old Ether moving, according to the description.
