9-8-2025 – An Ethereum whale, inactive for five years, deposited 5,000 ETH, valued at $21.14 million, into Binance, securing a $45.38 million profit, according to on-chain data first reported by Lookonchain. The transaction has drawn significant attention in the crypto market. Seven years ago, the whale acquired 55,001 ETH from BitZ for $6.73 million, at an average price of $122 per ETH.
The recent deposit, executed at approximately $4,228 per ETH, reflects a substantial gain driven by Ethereum’s price appreciation. The whale retains 5,001 ETH, worth $21.07 million, suggesting potential for further market activity. This move aligns with a broader trend of dormant wallets reactivating, as seen in recent transfers to exchanges like Kraken and Coinbase. Such large-scale deposits by whales can influence market dynamics, potentially signaling profit-taking or portfolio rebalancing.
Analysts note that Ethereum’s exchange reserves have declined to 18.6 million ETH from 30 million in 2022, indicating a shift toward staking or cold storage. However, this transaction could pressure short-term price stability if more whales follow suit.
