Cryptocurrency moved $ 234 million to Ethereum after 6 years of inactivity

Amid the rising price of Ethereum ETH $3,855.43 Bridged Ether (StarkGate) -2.06% Market capitalization $0.34 billion VOL. 24 hours $1.73 billion , a crypto exchange that has been inactive for six years, has made a significant transaction. He transferred 60,079 ETH tokens, equivalent to $ 234 million, to the Bitfinex cryptocurrency exchange.

In January 2016, this owner reportedly purchased 87,085 Ethereum tokens for $ 13.4 million, at an average price of $ 153 per token. In 2020, part of the assets — 600 ETH tokens — were transferred through Tornado Cash to maintain anonymity. In November 2023 and December 2024, the owner re-transferred 86,484 Ethereum tokens at an average price of $ 3,331.

The activity of this «cryptocurrency whale» has attracted the attention of analysts, as such significant transfers can affect the liquidity and price of Ethereum on the market. Experts are closely monitoring the further actions of this owner, as his actions may indicate preparations for large-scale changes in the cryptocurrency market.