Three Dormant Wallets Buy 5970 ETH After 4 Years, Possibly Controlled by Same Entity

Mysterious Wallets Make Major ETH Purchase

Blockchain data shows three crypto wallets, dormant for four years, recently became active and purchased a total of 5,970 ETH worth $13.1 million.

Highly Coordinated Behavior

Analysis reveals the transaction timing and amounts were highly aligned, suggesting possible control by the same entity. The average purchase price was $2,195, indicating possible bottom-fishing behavior.

Market Implications and Outlook

• This transaction may signal confidence from large investors in ETH's medium-to-long-term outlook
• The awakening of long-dormant wallets is worth monitoring
• If prices continue rising, more similar funds may enter the market