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ETH Whale Transfers 50,000 ETH Worth $145M to Gemini After 9-Year Dormancy

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An Ethereum whale moved 50,000 ETH, valued at $145 million, to Gemini in the last 12 hours. The address (0xb5Ab...68D6) had been inactive for nine years, having previously withdrawn 135,000 ETH from Bitfinex in 2014, worth $12.17 million. The price of ETH has since increased 32-fold. The whale still holds 85,000 ETH, valued at $244 million. Ethereum analysis suggests this move could signal renewed activity from long-term holders.

Odaily Planet News: According to on-chain analyst Yujin's monitoring, a large whale address (0xb5Ab...68D6), dormant for 9 years, recently transferred 50,000 ETH to the Gemini exchange within the past 12 hours, valued at $145 million.

This address withdrew 135,000 ETH from Bitfinex 9 years ago, valued at $12.17 million at the time, with a price of approximately $90 per ETH. The price has since increased by 32 times. After transferring out 50,000 ETH today, the address still holds 85,000 ETH, valued at $244 million.

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