ETH Surges 12% as Dormant Address Moves 5,485 Coins for $15 Million

In a notable market development on November 7th, COINOTAG News reported that Ethereum’s recent **12% surge** has prompted significant activity from dormant addresses. According to data from Chain.info, an address that has accumulated **11,004.9 ETH** over the past eight years, initially purchasing the cryptocurrency at **$3.45**, has now exited its dormancy phase. This address commenced the liquidation of its holdings, selling a remarkable **5,485 ETH** for approximately **15 million USDC** during a trading span of just an hour and a half, representing an average selling price of **$2,736** per ETH. Such movements are vital indicators of market sentiment and could influence Ethereum’s price trajectory in the near term, highlighting the ongoing volatility and trading strategies prevalent in the **cryptocurrency market**.