Whale wallet moves $397 million in ETH to Gemini this week, breaking nine-year dormancy
The Block
A nine-year dormant whale wallet moved its entire $397 million ETH holdings to Gemini this week.Summary
A previously dormant Ethereum whale wallet, inactive for about nine years, transferred its entire holding of 135,284 ETH, valued at $397 million, to the Gemini exchange this week. The transfers included an 85,283 ETH movement today, following an earlier 50,000 ETH transfer. Data suggests the wallet accumulated the ether in 2017 via the Bitfinex exchange at approximately $90 per ETH, resulting in an estimated profit of $385 million for the owner. This activity follows similar recent movements by other dormant crypto wallets, such as a 13-year dormant Bitcoin whale moving 909 BTC last week.
(Source：The Block)