Key Points:
- A dormant ETH whale woke up and moved $16.5M worth of ETH to exchanges.
- The whale withdrew the same amount within 4 days after depositing it.
A dormant ETH whale reactivated, moved $16.5M ETH to exchanges (Binance, OKX, KuCoin), withdrew same amount within 4 days.
A whale that had remained inactive for two years suddenly woke up four days ago and initiated a transaction, moving a whopping 10,000 Ethereum (ETH), valued at approximately $16.5 million at the time, out of its wallet.
This was followed by an interesting series of deposits totaling 10,000 ETH to major exchanges, including Binance, OKX, and KuCoin, all executed through three distinct addresses. The most recent development witnessed the whale transferring 10,000 ETH out again.
In a CoinCu’s recent report, another whale moved 8,000 ETH (equivalent to $13.24 million) to Binance, at a time when the Ethereum market was trading at $1,665.
Interestingly, this whale had already made a sizeable transfer of 4,000 ETH between August 29th and August 31st, amounting to a total of 12,000 ETH, valued at $20 million, sent to Binance within a span of just 20 days.
To add to the intrigue, this particular address received a substantial sum of 64,000 ETH, equivalent to a staggering $106 million, from another address shortly after its creation in March.
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