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After several years of having 39,712 Ether (ETH) locked in the Ethereum Name Service (ENS) auction, a whale associated with the domain “darkmarket.eth” has retrieved the digital assets and moved over $119 million in ETH to a new wallet.
After 2.7 years of inactivity, darkmarket.eth has reclaimed 39,712 $ETH ($74.17M) that was locked in the ENS auction just now.
And transferred 63,734 $ETH ($119M) to a new wallet. https://t.co/OtXYRpcOhn pic.twitter.com/rXKpT1OzrA— Lookonchain (@lookonchain) July 31, 2023
In 2021, ENS founder and lead developer Nick Johnson tweeted a reminder for the owner of the darkmarket.eth domain to retrieve their ETH that had been locked in ENS deposits from its initial two years. The ENS founder also shared a link that enabled those with ETH deposited in ENS auctions to reclaim their digital assets.
Nevertheless, despite the reminder, the funds were only reclaimed after two years and five months. On July 31, on-chain analytics firm Lookonchain noted that the funds had been reclaimed and darkmarket.eth’s 63,734 ETH, valued at $119 million at the time of reporting, was transferred to another wallet.
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According to Johnson, there are still over 100,000 deeds that remain unclaimed at ENS. The domain service developer emphasized that these are valued at tens of thousands in ETH and encouraged users to verify their addresses and claim their funds.
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In the meantime, at least two other dormant wallets worth millions of dollars have become active this month. On July 19, a wallet containing pre-mined Ether valued at $116 million transferred its funds to a Kraken exchange address after eight years. The wallet was valued at approximately $20 million when pre-mined, resulting in a 5x return for the owner.
On July 24, a dormant wallet moved over $30 million in Bitcoin (BTC) after 11 years. The address acquired the assets in April 2012 when Bitcoin was priced at only $4.92, meaning that the stash was valued at just $5,108 at that time.
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