Ethereum Whale Awakens After 9 Years, Moves $145M to Gemini

The post Ethereum Whale Awakens After 9 Years, Moves $145M to Gemini appeared first on Coinpedia Fintech News

After nearly nine years of inactivity, an Ethereum wallet has reactivated, transferring 50,000 ETH, worth about $145 million, to a Gemini deposit address. The wallet originally accumulated its ETH in 2017 when prices were around $90 and still holds approximately 85,000 ETH valued at $244 million. The move comes as Ethereum trades near $2,890 amid market weakness, fueling speculation over whether it signals potential profit-taking or reflects long-term confidence from a major holder.