Ethereum Whale Reactivates After 7 Years Moving 200,000 ETH

Key Highlights Dormant Ethereum whales moved $785M after seven years of silence Analysts say transfers spark fear but hint at accumulation Institutional wallets absorbed $1.7B worth of ETH in just three days Dormant Ethereum Wallets Reactivate with $785M Transfer Two Ethereum wallets dormant since 2018 have suddenly reawakened, moving 200,000 ETH valued at over $785 million at the ￰0￱ funds were sent to two new addresses, according to blockchain analysts from ￰1￱ suggest these wallets are tied to an early Ethereum investor, known as Ethereum-OG, who initially obtained much of his ETH through the Bitfinex ￰2￱ total, this whale still controls more than 736,000 ETH — approximately $2.89 billion spread across eight separate ￰3￱ Analysts React to Whale Activity The unexpected transfer sparked speculation across the crypto community.

X (formerly Twitter) user FOMOmeter commented that such moves are not necessarily aimed at ￰4￱ also highlighted an uptick in institutional activity around ￰5￱ the past three days, more than 431,000 ETH — worth over $1.7 billion moved from platforms including Kraken, Galaxy Digital, BitGo, FalconX, and OKX into large ￰6￱ Whale Awakening Earlier this year, another Ethereum whale moved 11,104 ETH after sitting dormant for eight years, a sign that long-term holders may be positioning themselves for future market shifts.