Dormant wallets move $785M in Ether after 8 years
Recent transfers signal heightened market activity as early Ethereum whales awaken amid price volatility and shifting digital asset strategies.
Key Takeaways
- Dormant Ethereum wallets holding $785 million in ETH were activated after 8 years of inactivity.
- The funds originated from Bitfinex and involved early Ethereum participants.
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Dormant wallets containing approximately $785 million worth of Ether moved their holdings today after remaining inactive for eight years, with the funds originally sourced from Bitfinex, a major crypto exchange.
The wallets, belonging to an early Ethereum participant, held 736,316 ETH worth $2.9 billion.
ETH currently trades at around $3,925 per token based on data from CoinGecko. The reactivation follows a pattern of dormant Ethereum whales moving funds after years of inactivity.
In late August 2025, over 92,500 ETH transferred from a foundation-related wallet after 6.6 years of dormancy. Another notable movement included 77,735 ETH worth $368.6 million flowing to Bitfinex on August 23, 2025.
The transfers suggest potential liquidation or repositioning amid market volatility. Exchange inflows like these typically indicate preparation for trading activity.
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