Dormant Whale Wallet Buys $5.8M Worth of Ethereum After Year of Inactivity

A cryptocurrency wallet identified as 0xB476 has come back to life after more than a year of inactivity, according to blockchain analytics platform Lookonchain.

The wallet reportedly spent 5.81 million USDC to purchase 2,570 Ethereum at $2,261 per token. The transaction occurred roughly seven hours ago.

Source: Lookonchain