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Long-dormant wallets reactivate to buy ETH

February 06, 2026, 5:07 PM
Several long-dormant wallets have resumed activity to purchase Ethereum amid the market downturn, according to Lookonchain. One wallet, starting with 0x55C1, reactivated after two years of inactivity, withdrawing 10,000 ETH (approximately $19.24 million) from Binance six hours ago. Another wallet, beginning with 0x1342, became active again after one year, withdrawing 1,892 ETH (worth around $3.75 million) from Binance 30 minutes ago.

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