Dormant Whale Surfaces: Transfers 50,000 ETH to Gemini, Holds Massive Stash

Dormant Whale Emerges, Sparks Market Buzz

According to on-chain data analysis, a long-dormant Ethereum whale has become active in the past 12 hours, transferring 50,000 ETH to the Gemini exchange. This move has quickly drawn attention from the crypto community.

Historical Transaction Insight

The whale originally withdrew 135,000 ETH from Bitfinex nine years ago, when ETH was trading at around $90, totaling approximately $12.17 million. The current ETH price is 32 times higher compared to that time.

Current Holdings Overview

After transferring 50,000 ETH, the address still holds 85,000 ETH, valued at approximately $244 million at current prices.

• Transferred to Gemini: 50,000 ETH (~$145 million)
• Historical Source: Bitfinex
• Current Holdings Value: ~$244 million

This significant movement could indicate strategic portfolio adjustments and may influence market dynamics.