Dormant Ethereum Wallet Moves 50,000 ETH After Nearly Nine Years
A long-inactive Ethereum address executed a large transfer of 50,000 ETH — roughly $145 million — as on-chain observers monitor market implications.
A wallet that had been inactive since 2017 moved 50,000 ETH (about $145 million) in a transaction that marked the address’s first known activity in nearly nine years [1][5].
Blockchain data and reporting indicate the funds were moved to an exchange-linked wallet, with some outlets linking the destination to Gemini, prompting attention from on-chain trackers concerned about potential sell-side pressure [5][2].
The transfer comes amid a broader period of price weakness for Ethereum; observers noted rising whale activity and market volatility as ETH traded under pressure, adding context to the timing of the movement [1][3].
On-chain analysts and market participants are monitoring subsequent transactions and exchange flows to assess any immediate market impact, while reports highlight the historical origin of the funds — withdrawn from Bitfinex in 2017 — as part of the address’s profile [5][2].
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Citations
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- 1Ethereum Address Inactive Since 2017 Moves 50,000 ETHThe Crypto Basic• Jan 26, 2026
- 2Dormant Ethereum Address Moves $145M, Market Eyes Next MoveLive Bitcoin News• Jan 26, 2026
- 3Ethereum Whale Activity Increases as ETH Price DipsCoinspeaker• Jan 26, 2026
- 5Dormant Ethereum Whale Awakens After Nine Years With $145 Million MoveETHNews• Jan 26, 2026
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