10-Year Dormant 334 ETH Moves — Watch for Potential Sell Pressure

I noticed a dormant pre-mine address holding 334 ETH (about $1.5M) was reactivated after 10.1 years — it was worth only $103 back in 2015. This is a significant unrealized gain being unlocked from an early holder.

I view this mainly as an on-chain event to watch: the key question is where those coins move next. A transfer to an exchange would increase sell-side risk, while movement to a cold wallet or known custodian could indicate long-term holding or institutional custody.

I’m monitoring for follow-up transactions and exchange inflows before changing my market posture. Until we see destination and timing, I won’t assume a major market impact but I would be ready to react if exchange deposits spike.