Ethereum Whale Awakens After 9 Years, Moves $145M to Gemini

Published by

Sohrab Khawas

January 26, 2026

Ethereum Whale Awakens After 9 Years, Moves $145M to Gemini

After nearly nine years of inactivity, an Ethereum wallet has reactivated, transferring 50,000 ETH, worth about $145 million, to a Gemini deposit address. The wallet originally accumulated its ETH in 2017 when prices were around $90 and still holds approximately 85,000 ETH valued at $244 million. The move comes as Ethereum trades near $2,890 amid market weakness, fueling speculation over whether it signals potential profit-taking or reflects long-term confidence from a major holder.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Ethereum