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Dormant wallets move $785M in Ether after 8 years

Photo: Deng Xiang

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.

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by Vivian Nguyen

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.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
ETHEREUM

Dormant wallets move $785M in Ether after 8 years

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.

by Vivian Nguyen

Share

Add us on Google

Photo: Deng Xiang

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.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.