Catenaa, Thursday, January 29, 2026-A long-dormant Ethereum whale resurfaced after nearly nine years, transferring 50,000 ether worth about $145 million to a Gemini-linked wallet, according to on-chain data tracked Sunday.
Blockchain analytics firm EmberCN said the address executed two separate transfers of 25,000 ether each within hours, based on data from Arkham Intelligence.
The wallet, identified by a shortened hexadecimal address, had shown no activity since 2017.
EmberCN said the address last moved funds when it withdrew about 135,000 ether from the Bitfinex exchange.
At that time, the holdings were valued near $12.17 million as ether traded around $90. Despite the recent transfers, the wallet still holds roughly 85,283 ether.
The movement drew attention amid renewed activity among large crypto holders across markets. Last week, a Bitcoin wallet that had remained inactive for about 13 years transferred approximately 909 bitcoin, valued near $84 million, to a new address.
Market prices weakened as the transfers surfaced. Ether fell about 2.8% over the past 24 hours to trade near $2,859, according to market data compiled by The Block. Bitcoin slipped about 1.43% to around $87,611 over the same period.
Analysts often track long-dormant wallets for signs of potential selling pressure or changes in investor behavior, though such transfers do not always signal imminent liquidation. Large holders may move funds for custody changes, internal restructuring, or security reasons.
No statement has been issued by the wallet owner or Gemini regarding the purpose of the transfers.
