10-Year Dormant Whale Moves $22.9M ETH as Bitmine Boosts Holdings Toward 5% Target
A 2014 ICO wallet transferred its entire 10,000 ETH stash—worth $22.9 million—after 10.8 years of dormancy, signaling potential selling pressure. Meanwhile, Tom Lee’s Bitmine has ramped up Ethereum purchases, advancing its position toward a planned 5% portfolio weighting.
1. Whale Reawakens With 10,000 ETH Transfer
A wallet linked to Ethereum’s 2014 ICO emptied its holdings of 10,000 ETH—now worth approximately $22.9 million—after 10.8 years of inactivity. Such dormant movements often precede profit-taking and may exert short-term selling pressure on ether.
2. Fenbushi Capital Withdraws 3,063 ETH for Profit-taking
A wallet tied to Fenbushi Capital pulled 3,063 ETH (roughly $7.1 million) from the Aave protocol and moved it to Binance. With prices up from about $2,017 to $2,330 per ETH, the transfer implies an unrealized gain near $969,000 and could signal upcoming liquidity repositioning.
3. Bitmine's Accelerated Ethereum Accumulation
Tom Lee’s Bitmine has intensified its ETH purchases in pursuit of a 5% treasury allocation target. Continued institutional inflows from the miner may help offset selling pressure and reflect confidence in Ethereum’s recovery prospects.