After 9 Years of Silence! Ethereum Whale Transfers 50,000 ETH to Gemini, Still Holding Massive Amount

Silent Whale Makes a Comeback

Recently, on-chain analysts observed that a long-dormant Ethereum whale address has reactivated. Over the past 12 hours, it transferred a total of 50,000 ETH to the well-known exchange Gemini. At current prices, the value has reached as high as $145 million.

Historical Background Sparks Interest

Tracking records indicate that this address first withdrew 135,000 ETH from Bitfinex nine years ago, when Ethereum's price was around $90, with a total value of only $12.17 million. Today, ETH prices have surged by 32 times, rapidly expanding the scale of its assets.

Holding Significant ETH Reserves

Despite transferring 50,000 ETH in this move, the address still retains a massive holding of 85,000 ETH. At current valuations, this amounts to approximately $244 million, highlighting its long-term holding strategy.