A series of long-dormant crypto wallets have resurfaced as prices hover near record highs, releasing tens of millions of dollars’ worth of Bitcoin and Ether back into circulation, on-chain data show. In Ethereum, a pre-mine address holding 1,000 ETH was activated for the first time in nearly a decade, moving coins that cost only $310 in 2015 and are now worth about $2.44 million. Separately, an early Ethereum ICO participant who accumulated 16,800 ETH for roughly $5,000 in 2014 sold another 501 ETH, bringing realised proceeds since April 2021 to $50.1 million while retaining about 2,900 ETH. Another whale, dormant since 2022, deposited 2,450 ETH valued at $5.9 million to Kraken, locking in a $2.7 million gain. On the Bitcoin side, a wallet containing 300 BTC—idle for 11.6 years—was reactivated, moving coins that were worth around $60,000 at the time of purchase and close to $30 million today. In a separate move, the holder of a rare Casascius physical bar redeemed 100 BTC bought for $500 in 2012, unlocking roughly $10 million. Analysts say the awakening of early-era wallets underscores growing profit-taking by some of crypto’s earliest adopters as Bitcoin trades above $100,000 and Ether holds near $2,400, adding fresh liquidity to exchanges but also highlighting the scale of unrealised gains still sitting in dormant addresses.