Recently reactivated Ethereum addresses utilized Aave and direct purchases to acquire large ETH positions, highlighting renewed activity in long-dormant wallets.
Three Ethereum addresses inactive for four years have collectively spent $13.1 million eight hours ago to acquire 5,970 ETH at an average price of $2,195, according to Lookonchain. This follows earlier activity on February 2 where two different five-year dormant addresses deposited 44,490 ETH worth $98.3 million into Aave, borrowed $104 million USDT, and purchased 45,319 ETH using a loop lending strategy. Together, these events underscore increased movement among long-dormant Ethereum wallets and renewed use of DeFi protocols and direct market purchases to accumulate ETH.