The activation of a major dormant Ethereum address comes just a day before the launch of spot Ethereum ETFs
The activation comes on the cusp of the much-anticipated launch of multiple spot Ethereum exchange-traded funds in the United States.
Notably, this is the first time that a dormant Ethereum address has been activated this month. In June, a dormant pre-mine address containing a whopping 6,000 ETH came out of dormancy. Two pre-mine Ethereum addresses were also activated in May. According to CoinGecko data, Ethereum is currently trading at $3,467 after dipping by 1.1% over the past 24 hours. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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