Markets· ★★· bearish·

3,000 ETH dormant since 2017 Gemini withdrawal moves to Kraken

  • —The 3,000 ETH were worth about $57,000 when withdrawn in 2017
  • —The transfer to Kraken was valued at roughly $7.23 million
  • —The position gained about 128x over 9.5 years
  • —On-chain analyst Yu Jin flagged the transfer
Why it matters: A long-dormant ETH holder moving coins to an exchange can signal intent to sell and weighs on holder sentiment.
#ETH
Source: PANews
More on this
Markets · Oct 19
Bitcoin wallet dormant since 2013 moves $30 million to new address
 Security · Oct 6
Dormant MakerDAO Keeper Drained of $538K via Unprotected Withdraw Function
 Markets · Oct 10
Dormant 9-year-old ETH whale moves nearly 3,000 coins to Coinbase with 250x profit