Dormant Whale Moves $21M ETH to Binance After 5 Years
A long-dormant #Ethereum whale has resurfaced 2 hours ago, transferring 5,000 $ETH worth $21.14M into Binance after five years of inactivity. Blockchain records show the whale initially acquired 55,001 $ETH from BitZ exchange seven years ago for just $6.73M, netting an unrealized profit of about $45.38M.
Onchain Lens
Even after the deposit, the whale still holds 5,001 ETH valued at $21.07M, leaving room for further moves.
Move: 5,000 ETH sent to Binance.
Strategy: Partial profit-taking after years of accumulation.
Outcome: Secured multi-million gains while retaining a strong $ETH position.
Large inflows to exchanges can create short-term selling pressure, so traders should track ETH’s next moves closely, while long-term holders may see it as a healthy cycle of profit-taking.
#ETHBreaks4000 #CryptoIn401k #Whale #Notcoin
Onchain Lens
Even after the deposit, the whale still holds 5,001 ETH valued at $21.07M, leaving room for further moves.
Move: 5,000 ETH sent to Binance.
Strategy: Partial profit-taking after years of accumulation.
Outcome: Secured multi-million gains while retaining a strong $ETH position.
Large inflows to exchanges can create short-term selling pressure, so traders should track ETH’s next moves closely, while long-term holders may see it as a healthy cycle of profit-taking.
#ETHBreaks4000 #CryptoIn401k #Whale #Notcoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
4,721.03
+5.49%