On July 7, 2025, two Ethereum wallets, inactive since July 30, 2015, were reactivated, transferring a total of 1,140 ETH, valued at approximately $2.9 million. (Source: Cryptofinance: into the ether) These wallets, created on the same day as Ethereum's mainnet launch, received their initial ETH from "GENESIS" transactions.
Since then, Ethereum has seen major upgrades. In September 2022, "The Merge" transitioned the network to proof-of-stake, reducing energy consumption by over 99%. In May 2025, the "Pectra" upgrade introduced features like EIP-7251 and EIP-7702. (Source: Cryptofinance: into the ether)
As of July 8, 2025, ETH is trading at $2,549.31, with an intraday high of $2,583.76 and a low of $2,520.72. (Source: Cryptofinance: into the ether) This reactivation underscores the long-term value potential of blockchain assets.