TLDR
- An Ethereum whale wallet holding 1,000 ETH has become active after a decade of dormancy.
- The wallet originally purchased Ethereum during the Genesis event for just $310.
- The recent transfer of 1 ETH has sparked renewed discussions about potential whale sell-offs.
- At the current ETH price of $2,502, the whale’s holdings are valued at over $2.44 million.
- Another Genesis-era wallet holding 2,000 ETH also became active in mid-June after 10 years.
A dormant Ethereum whale recently moved 1 ETH after nearly a decade of inactivity, drawing significant attention from the crypto community. The wallet originally received 1,000 ETH during Ethereum’s Genesis event for only $310, and now holds a value exceeding $2.5 million. This move occurred amid growing Ethereum whale activity and mounting speculation about possible profit-taking or market shifts.
Ethereum Whale Moves ETH After 10 Years
An Ethereum whale transferred 1 ETH on-chain, signaling movement after holding for 10 years without previous activity. Etherscan data shows this wallet secured 1,000 ETH during the Genesis offering at a cost of $310. With ETH trading at $2,502, the wallet’s holdings are now worth approximately $2.5 million.
This marks a 787,000% return and comes during a phase of whale movement across dormant wallets. The action may indicate a test transaction ahead of possible larger moves in the market. Consequently, traders have begun monitoring on-chain flows more closely.
Earlier in June, another Ethereum whale became active after 10 years, with a wallet initially funded with 2,000 ETH. This wallet, purchased during the same Genesis event for $620, now holds assets worth around $5.03 million. Such moves underscore the significant value early holders now control in the ecosystem.
ETH Whales Accumulate and Move Strategically
Ethereum whale transactions have increased as the ETH price continues to hover around the $2,500 mark. This long phase of price consolidation has coincided with sporadic movements from large dormant addresses. One Ethereum whale recently acquired $10 million worth of ETH, while another awoke to move small amounts.
These mixed signals from Ethereum whales suggest both accumulation and potential liquidation. On-chain data also shows that short positions for ETH have reached a new high this week. If ETH breaks above resistance, this could potentially result in a short squeeze.
The broader market has seen rising Ethereum whale interest amid ETF-related inflows. BlackRock’s ETHA and other funds recorded $283 million in inflows last week. The trend has continued for seven weeks, reflecting steady institutional participation.
Whales Test Market as ETFs Surge
As Ethereum whale activity rises, speculation about potential sell-offs has increased within the market. However, current movements remain limited, with only small test transactions observed so far. Market participants now track further activity from these Genesis wallets.
Ethereum delivered 35% gains in Q2 2025, supported by strong spot ETF inflows and renewed market momentum. Despite price stagnation, Ethereum whales continue to show activity both through sales and fresh accumulation. Any significant move could influence short-term market dynamics.
