A long-dormant whale moves 50,000 ETH to Gemini, still holding 85,000 ETH

BlockBeats News, January 26, according to on-chain data analyst Wu Jinyan, a dormant ETH whale address, which has been inactive for 9 years, has recently become active and transferred 50,000 ETH (approximately $145 million) to the Gemini exchange in the last 12 hours.

It is reported that this address withdrew 135,000 ETH (approximately $12.17 million) from the Bitfinex exchange 9 years ago when the price of ETH was about $90. The current price has increased by 32 times compared to back then. After transferring 50,000 ETH today, the address still holds 85,000 ETH (approximately $244 million).