Three wallets that participated in the initial Ethereum ICO have resurfaced after being inactive for almost a decade. On-chain data demonstrated that these wallets, which had been inactive for years, moved Ether again. Their activity correlated with Ether’s price, which recently has been trading close to its all-time high, and the statistical correlation also hints at growing interest from other dormant holders, many of whom had been inactive for years.
Santiment’s Sanbase age-consumed metric indicates sharp increases in on-chain activity for the month of September 2025. The age-consumed metric takes the moved and multiplies it by a time component since the Ether last changed wallets. A surge in this figure indicates old coins are on the move.
At the beginning of September, the metric saw a sharp increase to 502 million. At the end of the month, it went up to 603 million, which was the second-highest level for the year. Only July went higher with a figure of about 804 million. These changes indicate that long-term holders are getting back to the network, possibly due to the fact that they are taking advantage of high prices or moving liquidity into new wallets.
Meanwhile, Santiment’s wider data shows a vibrant scenario in between the months of April and October 2025. The development activity was very volatile, reaching its highest point in early May and then going down in June before it became stable around 19.48 points at the end of October.
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