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Ethereum is consolidating around the price level of $ 2500 In the past few days, the little momentum shows in both directions. The second largest cryptocurrency per market hood Inflow into Ethereum Spot ETFs Last week.
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An event that has aroused interest and possibly concern, among Ethereum holders is the reactivation of a sleeping whale portionian who has millions of ETH. The sudden awakening of this long -term address raises questions about A potential sales pressure And its market impact.
First transaction of Sleeping ETH address since 2015
On-chain Tracker Whale Alerts was the first to wake up the awakening of a predetermined Ethereum address reported that had been inactive for almost a decade. According to the large transaction tracker on the chain, the wallet, who held 2,000 ETH, initiated his last transaction 9.9 years ago. When the wallet moved money for the last time in 2015, the entire stock was only worth $ 620. Nowadays the same amount is valued at more than $ 5 million, making the owner’s profit around 820x based on current prices. For the high price of Ethereum of $ 4,878 in 2021, the cryptocurrencies reached a non-realized win of 1573x.
💤 A sleeping pre-fiddle address with 2,000 #Eth (5,063.918 USD) has just been activated after 9.9 years (worth 620 USD in 2015)!https://t.co/G0I8RIF0XX
– Whale Alert (@WHale_Alert) June 14, 2025
The warning by whaling warnings, which noticed the first transaction after 9.9 years, included the transfer of 0,0001 ETH of the Whale address “0xcf26” To tackle “0x2C12”, which is a newly made ETH address. However, the transaction data from Etherscan shows that the whale address 500 ETH sent to the newly created address shortly thereafter.
After the series of transaction Data from Etherscan Show that this 500 ETH eventually found their way to the address “0x28c6”, which is known to be owned and is checked by Crypto exchange Binance. This means that the 500 ETH may already have been sold through the fair or is currently being prepared for liquidation.
Brace for impact: will the remaining 1500 ETH be sold?
From now on, the original whale address still has around 1500 ETH, currently appreciated at $ 3,796 million. However, the question opens whether the rest of the funds will also be sold. Although we cannot be sure of a planned full liquidation, the pattern of the 500 ETH transfer and the involvement of an exchange address indicate that the possibility cannot be rejected.
Ethereum is currently in a fragile price promotion on the price level of $ 2,500. If more ETH is loaded by whale, the added sales pressure can make it even more difficult for Ethereum to break from its current consolidation phase, especially if there Is not enough buying pressure To absorb the ETH sold.
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At the time of writing, Ethereum acts at $ 2,525. The past 24 hours were published by Ethereum -Trade between $ 2,549 and $ 2,495.
Featured image of Unsplash, graph of TradingView