On January 21, 2024, data from AI monitoring revealed that a long-dormant Ethereum whale address deposited 14,183 ETH worth $41.93 million into Coinbase within 40 minutes.
A Major Move After a Three-Year Silence
The whale hasn't made any ETH deposit exceeding $1 million since 2021. Its last suspected accumulation phase occurred between February and November 2022, with a withdrawal average as low as $1,236.65.
- Address traces back to 2016
- This is the largest single transaction in the past three years
- Market speculation suggests portfolio adjustments
This move has sparked discussions about Ethereum's market trends, with some analysts suggesting it could signal renewed institutional confidence in ETH's long-term prospects.