Dormant Ethereum Whale Moves $250 Million, Totaling $397 Million This Week

An Ethereum whale wallet, inactive in terms of transfer activity for about 9 years, transferred Ethereum worth $250 million (38 billion yen) to Gemini on the 27th, as reported by Arkham Intelligence. The total amount transferred by this wallet this week has reached $397 million (60 billion yen). The wallet address '0xb5a...168d6' made two transactions sending a total of 85,283 ETH to Gemini's deposit address. Earlier this week, the same wallet had transferred 50,000 ETH, effectively moving all 135,284 ETH it held.