Dormant Wallet Moves $117 Million in ETH to Binance After Nine Months
An Ethereum address that accumulated over 32,000 ETH earlier this year has deposited 15,010 ETH to exchanges since mid-September, including 9,000 ETH worth $41.55 million to Binance within 40 minutes.
ETH
Fact Check
The statement is directly confirmed by multiple pieces of evidence. Source 6, from on-chain analyst EyeOnChain, explicitly states that a wallet, after 9 months of dormancy, deposited 25,754 ETH (approx. $117M) to Binance. Source 7, citing another analyst (EmberCN), corroborates this, reporting a transfer of 25,755 ETH (about $117M) to Binance. The details regarding the asset (ETH), amount ($117M), destination (Binance), and inactivity period (9 months/staking) align across these credible sources.
Summary
On September 19, blockchain analyst Ai Yi reported that an Ethereum address deposited 9,000 ETH worth $41.55 million to Binance in under an hour. The wallet had accumulated 32,356 ETH at an average price of $3,027 between June and August. Since September 15, the address has transferred 15,010 ETH valued at $68.8 million to exchanges. If liquidated, the holdings could generate approximately $23.37 million in profit.
Terms & Concepts
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
- Binance: A leading global cryptocurrency exchange offering a wide range of digital asset trading services.