The Ethereum 'Old Whale' that has been dormant for 8 years awakens, and with one move, it transfers $19.97 million!

A certain address has not moved for 8 years, but recently suddenly transferred out 11,104 ETH, of which 248 coins went directly to Coinbase, and the remaining nearly 11,000 coins were transferred to a new wallet.

This old whale withdrew ETH from Kraken and Gemini 8 years ago at a cost of only about $2.51 million, and now has a floating profit of over $17.45 million, a victory of 8 years of patience + faith.

The revival of such old addresses usually has two possibilities:

1. Profit realization, preparing to sell, which may create some short-term selling pressure on the market;

2. Asset redistribution, laying out new directions or on-chain applications, or preparing for OTC trading.

Whichever it is, it releases a signal: old funds are starting to become active, indicating that the market cycle is advancing; some choose to cash out, while others choose to place new bets.

At this time, holders may want to pay more attention to on-chain movements to clarify whether it is 'selling off' or 'changing positions,' and not let emotions shake before the trend.