Long-Dormant Ethereum Wallet Moves Over $19M in ETH

2 mins mins

Key Points:

A dormant wallet transferred 11,104 ETH worth approximately $19.97 million.
The wallet had been inactive for 8 years.
No statements from the owner or major crypto figures yet.

On April 6, 2025, an 8-year dormant Ethereum wallet transferred 11,104 ETH, valued at $19.97 million, to Coinbase and a new address.

This significant movement in dormant funds raises questions about market effects and potential trading implications.

Huge Dormant Wallet Reactivation Moves $19.97M in ETH

On April 6, 2025, a long-dormant Ethereum wallet became active, transferring 11,104 ETH valued at roughly $19.97 million. According to OnChain Lens, this event involved 247.93 ETH sent to the Coinbase exchange and the remainder moved to a new wallet.

The wallet’s activation after an 8-year hiatus signals a significant liquidity introduction into the market. Such transfers can impact trading dynamics, potentially affecting ETH’s price stabilization or volatility due to sudden spot trading or large holdings reallocations.

Market watchers noticed heightened discussions on social media, seeking insights into the wallet’s reactivation motives. It appears that there are no direct statements or quotes from key figures regarding the specific transaction of the dormant Ethereum wallet from April 6, 2025. The report indicates that prominent crypto figures such as Vitalik Buterin, Arthur Hayes, and Changpeng “CZ” Zhao have not commented on this event, and there are no official statements from regulatory bodies. Noteworthy crypto figures have yet to comment publicly, leaving speculation about the identity and intentions of the wallet owner.

ETH Price and Market Speculation Amid Recent Wallet Activities

Did you know? Similar significant wallet reactivations were noted on April 1, 2025, when 5,000 ETH shifted to Cumberland, demonstrating a growing trend in dormant assets moving.

Ethereum’s current data reflects a price of $1,785.62, with a 24-hour trading volume drop by 50.01% according to CoinMarketCap. The market cap is $215,474,478,239, signifying an 8.15% dominance. Recent months have seen a 51.17% decline over 90 days.

ethereum-daily-chart-45 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 11:37 UTC on April 6, 2025. *Source: CoinMarketCap*

Coincu research suggests reactivated wallets contribute to asset liquidity and possibly influence regulatory measures. Ongoing scrutiny into such large transactions might drive more transparency and demand for ownership verification of dormant crypto accounts.