Nine-Year Dormant ETH Whale Moves $250M Worth Ether to Gemini: On-chain Data

Nine-Year Dormant ETH Whale Moves $250M Worth Ether to Ge... Almost a decade-long dormant ETH whale wallet has moved nearly $250 million worth of ether to Gemini, profiting a 32x return. The post Nine-Year Dormant ETH Whale Moves $250M Worth Ether to Gemini: On-chain Data appeared first on Cryptonews. An Ethereum whale address that had been inactive for 9 years moved 85,000 ETH (nearly $250 million) entirely to the Gemini exchange on Tuesday.Per blockchain sleuth EmberCN, the whale wallet âEUR?"0xb5aâEUR¦168d6âEUR bought and accumulated 135,000 ETH at $90 each via Bitfinex in 2017. The holdings were worth $12.17 million at the time. ä¼'ç?" 9 å¹´æ-¶é-´çš„ ETH 巨鲸å?" degrees åEURï¼?'今å¤(c)å‡?'æ(TM)¨å(R)?'成æ¸...ä»"：把å‰(c)ä½(TM)çš„ 8.5 万枚 ETH ($2.48 亿) 也å...¨é?'¨è½¬è¿›äº† Gemini 交æ˜"æ‰EURãEUR‚9 å¹´æ-¶é-´ï¼?'ä¸EURä¹ degrees ä¸EURå-ï¼?'盈åˆ(c) $3.81 亿 (32 åEUR)ãEUR‚â-Ž9 年前 (2017 å¹´)ï¼?'éEURšè¿‡ Bitfinex ä»JPY $90 çš„ä»·æ ¼æå‡ºå¹¶å›¤ç§¯ 13.5 万枚 ETHï¼?'å½"æ-¶ä»·åEUR¼ $1217 万ãEUR‚â-Ž9âEUR¦ https://t.co/tGv60P9Qf5 pic.twitter.com/7RDDw8R2mU- ä½(TM)ç?'¬ (@EmberCN) January 27, 2026 After 9 years, the whale transferred all its ETH holdings, now worth $393 million, to Gemini in just over a day.Mass ETH Transfers to GeminiArkham data shows that the address made 50,000 ETH transfer on Monday, following a 25,000 ETH transaction early this week. Further, the whale moved the remaining 60.283K ether to Gemini, which alone was worth $175.23 million. Now, the address holds around $70 worth of various altcoins.EmberCN post read that the whale profited nearly $381 million, a 32x return, from holding the coin for 9 years.The mass transfers come a week after a Bitcoin wallet moved 909 BTC, now worth over $84 million, to a new address after more than 12 years of dormancy.Ethereum Risks Drifting Toward Lower End âEUR" AnalystETH has been in the red over the week, slumping more than 7% to below $2,800 mark. The crypto has rebounded and is now trading at $2,934 at press time.The lower moves reflect heavy ETF-related selling, which has cooled the momentum, keeping ETH capped below the $3,000 mark. However, on-chain activity reveals that daily active addresses have climbed toward 1.3 million.Further, staking participation continues to rise, tightening the circulating supply. For instance, in total, Tom LeeâEUR(TM)s BitMine has staked 2,218,771 ETH (worth $6.52 billion), over 52% of its total holdings. This includes its recent staking of 209,504 ETH (worth $610 million) today.That said, Bloomberg Intelligence senior commodity strategist Mike McGlone has flagged that Ethereum risks drifting downward toward the lower boundary of its long-standing trading range.In a post on X, he noted that Ether appears to be heading toward the lower end of its $2,000-$4,000 range since 2023.âEUR?"I see greater risks of it staying below $2,000 than above $4,000, especially when stock market volatility rebounds.âEUR Ether appears to be heading toward the lower end of its $2,000-$4,000 range since 2023. I see greater risks of it staying below $2,000 than above $4,000, especially when stock market volatility rebounds. pic.twitter.com/1IAMV10Jwe- Mike McGlone (@mikemcglone11) January 25, 2026 The post Nine-Year Dormant ETH Whale Moves $250M Worth Ether to Gemini: On-chain Data appeared first on Cryptonews. Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the potential rewards and risks associated with crypto investments. Key Takeaways Stay updated on cryptocurrency market developments and price movements Monitor regulatory news that could impact digital asset valuations Consider risk management strategies for volatile crypto investments Published: January 27, 2026 | Source: CryptoNews