An Ethereum “whale” has reclaimed 39,712 $ETH, equivalent to $119 million, from the Ethereum Name Service ($ENS) auction. The funds, associated with the domain “darkmarket.eth,” were locked in the $ENS auction and remained unclaimed for over two years and seven months.
On-chain analytics firm Lookonchain announced that darkmarket.eth’s 63,734 $ETH were transferred to a different wallet on July 31.
After 2.7 years of dormancy, darkmarket.eth reclaimed 39,712 $ETH ($74.17M) locked in the $ENS auction just now.
And transferred 63,734 $ETH($119M) out to a new wallet.https://t.co/OtXYRpcOhn
— Lookonchain (@lookonchain) July 31, 2023
The Ethereum Name Service translates human-readable names into addresses used on the Ethereum blockchain, giving users a pseudonym on the network. For two years, it had been holding the funds from its first deposits.
$ENS founder and lead developer Nick Johnson publicly reminded the owner to reclaim the $ETH back in 2021 but to no avail.
Johnson also highlighted that there are over 100,000 unclaimed deeds in $ENS worth tens of thousands in $ETH, urging users to check their addresses and claim their funds.
Check your own addresses at https://t.co/d2bnAdgx4w. There's still over 100k deeds unclaimed, holding tens of thousands of $ETH. https://t.co/1LpsJt5CnX
— nick.eth (@nicksdjohnson) July 31, 2023
Meanwhile, other dormant wallet activities have been observed this month.
A wallet containing pre-mined Ether worth $116 million transferred its funds to a Kraken exchange address on July 19. Another dormant wallet moved over $30 million in Bitcoin, having acquired the assets when Bitcoin was worth only $4.92 on July 24:
💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant pre-mine address containing 61,216 #$ETH (116,396,127 USD) has just been activated after 8.0 years!https://t.co/f79T0fYa7b
— Whale Alert (@whale_alert) July 18, 2023
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