Genesis-era Ethereum wallet moves millions after a decade, scam attempts follow within minutes

A Genesis-era Ethereum wallet that had been dormant for over ten years moved millions in ETH, drawing instant scam attempts within minutes of the transfer. The reactivation of such an early wallet matters because it signals possible selling pressure from a long-term holder and tests market confidence in ETH's price stability. Scammers quickly targeted the wallet with phishing and fake token offers, underscoring the security risks facing dormant addresses once they become active. Traders will watch whether the moved funds hit exchanges, which could indicate an intent to sell, and whether the wallet continues transacting after its decade-long silence.