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Sleeping ether whale stirs after 9 years
The unknown whale woke up on Sunday after twelve years of dormancy and moved 50,000 ETH – worth about $146 million at current prices – into a Gemini wallet.
The wallet, identified as “0xb5…Fb168D6,” first moved 25,000 ETH earlier on January 25 before moving another 25,000 ETH hours later, blockchain data platform EmberCN revealed in a message on X, stating facts from Arkham Intelligence.
The move to a new address could be a routine security hygiene, a change of custody, or the first step toward eventual liquidation.
According to EmberCN, the whale has been inactive since 2017, when it withdrew approximately 135,000 ETH (worth $12.17 million) from the Bitfinex exchange, while Ether was trading at just $90. Even after Sunday’s transfers, the wallet address still contains another 85,283 ETH, worth $244 million.
 OG whales wake up
It’s the latest in a series of resurfacing crypto whales. If ZyCrypto Last week, an early investor reported buying BTC between December 2012 and April 2013, 909 BTC, worth about $85 million, after a 13-year slumber.
Meanwhile, Bitcoin and Ether extended a weeklong pullback on Sunday amid fears of a possible US government shutdown.
The world’s oldest and largest cryptocurrency lost 0.7% over the past 24 hours, hovering around $87,873, while ETH fell 1.5% to $2,894, according to Coin gecko facts.
The broader sentiment in crypto reflects this cautious tone. US-listed Bitcoin exchange-traded funds (ETFs) have posted net outflows of about $1.7 billion in an unbroken five-day negative streak.
Looking ahead, experts believe that macro developments remain the main driving force. Traders will be keeping a close eye on whether this week’s Federal Reserve interest rate decision and U.S. Producer Price Index data could be enough to lift Bitcoin and other major tokens out of the doldrums.
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