ETH Whale Transfers 50,000 ETH to Gemini After 9 Years of Dormancy

According to on-chain analyst Yu Jin, a whale address (0xb5Ab...68D6) that had been dormant for 9 years transferred 50,000 ETH, worth $145 million, to the Gemini exchange within the past 12 hours.

The address withdrew 135,000 ETH from Bitfinex 9 years ago, valued at $12.17 million at the time, with an average price of around $90 per ETH. The current price represents a 32-fold increase compared to then. After today's transfer of 50,000 ETH, the address still holds 85,000 ETH, valued at $244 million.