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Ethereum Whale Resurfaces After a Year, Deposits $1.6M into Binance: A Trend Among Dormant Whales?

Ethereum Whale Resurfaces After a Year, Deposits $1.6M into Binance: A Trend Among Dormant Whales?

TheCryptoUpdatesTheCryptoUpdates2025/04/19 19:55
By:JackKshitij ChitranshJackKesarwaniJackJackJackKesarwaniKesarwaniKesarwani

After an entire calendar year of inactivity, an Ethereum “whale” has suddenly sprung back into action, causing a stir in the crypto community. Earlier today, the significant player deposited a sum of 1,000 ETH, equivalent to $1.6 million, into the Binance exchange. This unexpected activity has piqued the interest of crypto market participants and rekindled discussions around the intentions and potential market impact of such large-scale players.

The Ethereum whale in question had previously withdrawn Ether tokens from various Centralized Exchanges (CEXs) between five and seven years ago. Today, the same entity transferred the substantial sum of 1,000 ETH, or $1.6 million, back into Binance, subsequently demonstrating the magnitude of unrealized profit held within its wallet. Current data indicates that this wallet still houses 2,001 ETH, an amount presently valued at $3.16 million.

Rewind to April 2020, and the price of ETH was a mere $185 per coin. Fast forward to today, and the value has skyrocketed to $1,590. This dramatic increase means the investor’s initial outlay of 3,001 ETH, once worth $555,185, has now bloomed to the staggering sum of $4.77 million. The unrealized profit sitting comfortably in the investor’s pocket is an eye-watering $4.215 million, marking an 859.3% return and underlining the potential rewards of long-term holding in the volatile crypto markets.

Such astronomical gains are rare but not unheard of. Early investors who weather the storms of multiple bullish and bearish market cycles often reap significant rewards. The whale’s ability to navigate the highs and lows of the 2020 and 2021 market rallies, and subsequent market dips, serves as a testament to the long-term benefits of patience and perseverance in the face of market volatility.

The whale’s recent deposit into Binance suggests a potential plan to sell off some of his holdings, a strategy often employed by investors looking to cash out their returns or hedge against future market volatility.

Today’s market activity is not an isolated incident but part of a broader trend of dormant Ethereum whales resurfacing. On April 10, 2025, another significant Ethereum whale, inactive for the preceding nine years, re-entered the market and sold Ether tokens to the tune of $27.6 million. This investor amassed an incredible return of over 18,000% from the time of his original investment in 2016 when Ether was priced at just $8 per token.

A similar trend was observed on April 8, 2025, when an Ether whale reactivated after seven years of dormancy. The investor had purchased 10,001 ETH, worth $3.52 million in November 2017, only to remain inactive until recently. Last week, the investor transferred 2000 ETH to the Kraken exchange, still holding a significant unrealized return of $12.3 million as per the current price levels.

These sudden, surprising developments have sparked rumors and speculation regarding the motives of these whales. Are they planning to reap the benefits of their long-term holdings, or are they repositioning themselves for new opportunities in the crypto market? Regardless of their intent, such significant transfers can have a profound impact on both the value of ETH and the market’s overall sentiment.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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