coin-img-ETHETH+0.75%coin-img-BTCBTC+0.51%coin-img-SOLSOL-0.77%coin-img-XRPXRP+0.44%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+3.90%coin-img-NEARNEAR+10.60%coin-img-SUISUI+2.55%coin-img-ETHETH+0.75%coin-img-BTCBTC+0.51%coin-img-SOLSOL-0.77%coin-img-XRPXRP+0.44%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+3.90%coin-img-NEARNEAR+10.60%coin-img-SUISUI+2.55%coin-img-ETHETH+0.75%coin-img-BTCBTC+0.51%coin-img-SOLSOL-0.77%coin-img-XRPXRP+0.44%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+3.90%coin-img-NEARNEAR+10.60%coin-img-SUISUI+2.55%coin-img-ETHETH+0.75%coin-img-BTCBTC+0.51%coin-img-SOLSOL-0.77%coin-img-XRPXRP+0.44%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+3.90%coin-img-NEARNEAR+10.60%coin-img-SUISUI+2.55%

Dormant Ethereum whale moves $356M in ETH to a new address

AI Market Summary
On-chain data show a long-dormant Ethereum whale moving 133,298 ETH (~$356m) to a new address, the first >$100m single transfer from this entity in four years. Reactivated "ancient" supply often raises near-term distribution risk and can pressure spot and derivatives positioning via heightened sell-side hedging and volatility, even absent confirmed exchange deposits.
Impact level
● Medium
Affected assets
ETH/USDT+0.75%
AI Insight · ETH/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
PANews, Oct. 1 — On-chain analyst Ai Yi reported that a long-dormant whale that accumulated 560,000 ETH in 2015 at an average cost of about $0.31 has moved ETH now valued at roughly $356 million. About five hours ago, the wallet transferred 133,298 ETH to a new address, 0x69e…27e93. The move marks the whale's first single transfer exceeding $100 million in four years.
Selected
ETH
ETH+0.60%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.