A dormant Ethereum whale moved a total of 135,284 ETH, valued at about $397 million, to Gemini in two large transactions this week. On the 27th, $255 million worth of ETH was transferred, following an earlier move of 50,000 ETH. The wallet, which acquired the coins in 2017 at around $90 each, has now shifted all holdings, potentially positioning for liquidation. Arkham Intelligence reported the movement, noting the scale could impact market liquidity if the assets are sold.