An Ethereum whale that had remained inactive for nearly nine years has resurfaced, transferring a significant amount of ether back into circulation. On-chain data shows the wallet moved 50,000 ETH, valued at approximately $145 million, drawing renewed attention from traders monitoring large-holder behavior.
Details of the Ethereum Whale Transfer
Blockchain records indicate the wallet executed two separate transfers of 25,000 ETH each within the same day, sending the funds to a centralized exchange wallet. The address had not shown any activity since 2017, when it originally withdrew around 135,000 ETH from an exchange at a time when ether was trading near $90. At that point, the total value of the holdings was just over $12 million.
Citing data from Arkham Intelligence;
Despite the recent transfers, the wallet still controls roughly 85,283 ETH, highlighting the scale of long-term accumulation by early Ethereum participants.
This Ethereum movement comes alongside renewed activity among long-dormant Bitcoin wallets, including one that recently shifted hundreds of BTC after more than a decade of inactivity. Such events often raise questions about potential selling pressure, though transfers alone do not confirm liquidation.
At the time of the transfers, ether prices were under short-term pressure, extending recent declines amid broader market weakness. Analysts note that while whale reactivations can influence sentiment, they primarily underscore the continued presence of early holders with substantial unrealized gains in today’s crypto markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.