Ethereum whale resurfaces after nine years, moves $145 million in ETH
Quick Take
- An Ethereum whale moved 50,000 ETH on Sunday after roughly nine years of dormancy, according to EmberCN.
- Following the latest ETH transfers, its wallet still holds approximately 85,283 ETH.
A long-dormant Ethereum ETH whale has reactivated after roughly nine years, transferring 50,000 ETH, worth about $145 million, to a Gemini wallet on Sunday, onchain data shows.
The wallet "0xb5…Fb168D6" first moved 25,000 ETH earlier in the day before sending another 25,000 ETH hours later, blockchain analytics provider EmberCN said, citing data from Arkham Intelligence.
The address had been inactive since 2017, when it withdrew roughly 135,000 ETH from Bitfinex, EmberCN noted. At the time, the holdings were valued at about $12.17 million, as ether traded near $90. Following the latest transfers, the wallet still holds approximately 85,283 ETH.
This move coincides with a fresh wave of whale activity in Bitcoin markets. Last week, a Bitcoin wallet that had been inactive for 13 years moved roughly 909 BTC, worth about $84 million, to a new address.
Meanwhile, ether extended its recent decline, falling 2.8% over the past 24 hours to $2,859 at the time of writing, according to The Block's price page. Bitcoin slipped 1.43% to trade at $87,611.
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