An 8-year dormant whale wallet has transferred 4,123 ETH, worth approximately $10.51 million, to the Gemini cryptocurrency exchange. This activity was reported by AmberCN and has caught the attention of the crypto community. This whale accumulated a significant ETH holding of 21,662 ETH back in 2017 through Gemini and Kraken, at an average price of just $569 per ETH. So far, the whale has moved 6,361 ETH ($16.03 million) to Gemini. Generally, deposits to exchanges are often interpreted as a signal of intent to sell. However, it's crucial to remember that moving funds to an exchange doesn't automatically guarantee a sale. The whale may be looking to rebalance their portfolio, stake their ETH, or explore other opportunities available on Gemini. The market will be watching to see what happens next. ```

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