- Ethereum whale wallet reactivated after nearly 10 years, transferring 500 ETH to a Binance-linked address.
- Ethereum now faces potential selling pressure with 1,500 ETH still held in the wallet.
A decade-long slumber has ended for one Ethereum whale, and the crypto community is watching closely. With 2,000 ETH once forgotten and now potentially reentering the market, the timing couldn’t be more delicate as ethereum struggles to break above key resistance levels.
đź’¤ A dormant pre-mine address containing 2,000 #ETH (5,063,918 USD) has just been activated after 9.9 years (worth 620 USD in 2015)!https://t.co/G0i8Rif0XX
— Whale Alert (@whale_alert) June 14, 2025
Dormant Wallet Sends Shockwaves Across Ethereum Market
Over the past few days, ethereum has been consolidating around the $2,500 mark, facing resistance near $2,600. Just as the market searches for direction, Whale Alerts reported the activation of an ethereum wallet untouched since 2015. The address, now valued at over $5 million, had previously made its last transaction when ETH was worth pennies—just $620 in total at the time.
The whale’s recent activity included an initial small transfer of 0.0001 ETH, followed by a much larger move: 500 ETH were sent to a newly created address. On-chain data shows that these funds were later transferred to a Binance-associated wallet, raising concerns about a potential sale.
The Remaining 1,500 ETH Loom Large
Currently, the whale still holds 1,500 ETH—approximately $3.8 million. While there’s no confirmation yet of plans to sell the rest, the movement of the initial 500 ETH to a known exchange wallet suggests liquidation is already underway or imminent. If that’s the case, it could significantly impact ethereum’s already fragile price level.
Given ethereum’s inability to sustain a rally above $2,600 despite ETF inflows, any added sell pressure could deepen its consolidation or trigger a pullback.
Market Braces for the Next Move
At the time of writing, ethereum trades at $2,525, fluctuating narrowly between $2,495 and $2,549 in the past 24 hours. With limited buying pressure and a large whale potentially unloading more tokens, the market may remain under pressure unless demand steps in quickly.
As investors look for signs of breakout or breakdown, the dormant whale’s next move could very well dictate ethereum’s short-term direction.
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. We encourage readers to conduct further research and consult additional sources before making any decisions based on this content.
About the Author
