A nine-year dormant Ethereum ETH whale moved $250.5 million worth of ether to Gemini today, bringing its total ETH transfers to the exchange this week to $397 million.
According to data from Arkham Intelligence, wallet address “0xb5a…168d6” transferred 85,283 ETH to a deposit address on Gemini in two transactions at 10:19 a.m. and 11:33 a.m., respectively.
These transfers follow the wallet’s 50,000 ETH transfer made earlier in the week. In total, the wallet moved its entire 135,284 ETH holdings ($397 million) this week after staying inactive for roughly nine years. The address now holds around $70 worth of numerous altcoins.
Onchain analyst EmberCN noted that the wallet accumulated the ether in 2017 through Bitfinex exchange at around $90 per ETH. This means the wallet owner profited around $385 million from holding the ether for nearly a decade.
This transfer mirrors other recent whale activity. Last week, a bitcoin wallet inactive for 13 years moved roughly 909 BTC, worth about $84 million, to a new address.
According to The Block’s crypto price page, ether was up 2.45% in the past 24 hours to trade at $2,937 at the time of writing. Bitcoin rose 1.46% to $88,676.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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