Ethereum Whale Asleep for 10 Years Wakes Up: Moved $4.6 Million Worth of ETH

A dormant Ethereum wallet inactive for more than ten years moved its entire balance of 2,155 ETH, worth roughly $4.6 million, to another address on November 10, according to Lookonchain. The wallet belonged to an early participant in Ethereum’s presale, making the transfer a notable example of long-dormant supply re-entering circulation. The move matters because it shifts a chunk of decade-old ETH that had been effectively off the market, though the destination remains a wallet rather than an exchange. Traders will watch whether the receiving address sells, stakes, or holds the funds, and whether other presale-era whales follow suit.