A year after dormant, the Ethereum whales have resumed their market activity and are attracting attention from the crypto community. Today, the whales deposited 1,000 ETH worth $1.6 million in Binance, attracting interest from crypto market participants.
The whales deposited $1,000 ETH ($1.6 million) on #Binance 13 hours ago after a year of dormancy.
Interestingly, these $eths return to drawers from multiple CEXs created 5-7 years ago.
The wallet currently has an ETH of $2,001, worth $3.16 million.
Current wallet: …pic.twitter.com/zs8tyas9lj
– Onchain Lens (@onchainlens) April 18, 2025
Dormant Whale Sediment 1000 ETH
This whale’s re-entry into the Ethereum market raises questions about his intentions and impact on the market.
The whales initially retracted etheric tokens from several Cexs five or seven years ago. Today, he has moved his first 1,000 ETKENs worth $1.6 million to Binance, holding a huge amount of unrealized profits. According to data, his wallet still holds 2,001 ETH of $3.16 million.
In April 2020, ETH prices were traded at just $185 per coin. Today, the initial investment of 3,001 ETH at $555,185 has grown to $4.77 million. This means he currently holds unrealized profits of $42.15 million. A whopping 859.3% return for whales is evidence of the benefits of long-term holdings in the crypto market.
This type of great benefit is rare, but it happens. In particular, early investors who hold tokens through numerous bullish, bearish cycles often experience extraordinary growth. This whale’s ability to manipulate market rallies in 2020 and 2021 and subsequent market peaks shows long-term benefits for investors who have patience during market volatility.
However, by bringing some of his holdings into exchange, the whale appears to have intention to sell. This strategy is typically adopted by investors who plan to cash out revenues or hedge against market volatility.
More dormant Ethereum whales resurface
Market activity today is part of a wider trend in which dormant ethers are beginning to re-emerge. A week ago, on April 10, 2025, a prominent Ethereum whales that had been dormant for the past nine years were active and sold $27.6 million worth of ether tokens. He has returned more than 18,000% since he purchased the coin. He began accumulating ether in 2016 at a price of $8 per token.
A similar incident occurred last week on April 8, 2025, when another ether whale reentered the market after seven years of inertility. The Whale bought 10,001 ETH worth $3.52 million in November 2017, and he has been inactive ever since. Last week, investors transported 2000 ETH to Kraken, but still holds a massive unrealized revenue of $12.3 million, according to current price levels.
These sudden events sparked rumors about whether these whales intend to benefit after years of holding or reorganize their position for new opportunities in the crypto market. However, such a huge transfer can affect both the value and emotion of ETH.
