Two Ethereum wallets inactive since 2015 have resurfaced, transferring 1,140 ETH worth approximately $2.9 million. This movement represents an extraordinary 89,450% surge from the assets’ original value a decade ago.
The transactions coincide with sustained ecosystem momentum following Ethereum’s Pectra upgrade implemented last year. The upgrade contributed to ETH’s price appreciation from $1,812 to $2,540 during its rollout, simultaneously enhancing network performance and security protocols.
In parallel, Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter have advanced a proposal to cap individual transaction gas limits at 16.77 million units. This initiative aims to bolster network stability and security for long-term operations.
The reactivation of these long-dormant wallets highlights Ethereum’s dramatic value growth and maturing infrastructure. Since initiating its sustainability-focused evolution in 2022, Ethereum continues to strengthen its position for ongoing expansion within the blockchain ecosystem through systematic protocol enhancements.