Dormant Whale Quietly Exits Position
On January 27, blockchain data revealed that a massive Ethereum whale, which had remained inactive for nearly 9 years, transferred 85,283 ETH to the Gemini exchange within a single hour, effectively liquidating its entire holdings.
Historical Holdings and Massive Appreciation
The address can be traced back to 2015 when it received 135,000 ETH from Bitfinex. At the time, ETH was trading at around $90, making the deposit worth approximately $12.17 million. With ETH now over 32x higher, the value of these holdings would have reached hundreds of millions of dollars.
Prior Activity Indicates Planned Move
Interestingly, the whale had already moved 50,000 ETH to Gemini 15 hours before the final transfer, indicating a coordinated and deliberate strategy. The move has sparked speculation about the owner’s identity and the potential reasons behind such a large withdrawal.