Ethereum Whale Transfers 135,284 ETH Worth $397 Million to Gemini Exchange

A dormant Ethereum whale finalized its transfer of 135,284 ETH, valued at about $397 million, to the Gemini exchange. According to Arkham Intelligence, the last move occurred on the 27th with $255 million worth of ETH sent in a single transaction, completing a two-transaction shift that began earlier with 50,000 ETH. The whale, active since 2017, originally purchased ETH at around $90 per coin and retains an unrealized profit of roughly $385 million despite the transfers.

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