Ethereum Whale Deposits $68M on Bitfinex After 5 Years

• Dormant whale deposits 15,000 ETH worth $68M.
• Originally received 123,687 ETH from Bitfinex in 2019.
• Still holds 85,785 ETH across three wallets.

Dormant Ethereum Whale Returns After 5 Years

After five years of partial dormancy, a massive Ethereum whale has resurfaced with a significant move. On-chain data shows that the whale deposited 15,000 ETH—valued at approximately $68.2 million—into the Bitfinex exchange just two hours ago. The average transfer price was around $4,548 per ETH.

This whale originally received 123,687 ETH (then worth about $19 million) from Bitfinex on April 26, 2019, when Ethereum was trading at roughly $153.9. The timing and size of this recent deposit have sparked intense curiosity among traders and analysts, who are debating whether this signals an upcoming sale or a strategic reshuffling of holdings.

Massive Holdings Still in Play

Despite the large deposit, the whale continues to hold a substantial 85,785 ETH—valued at roughly $392 million—across three wallets. This makes the entity one of the larger independent holders of Ethereum currently tracked on-chain.

Such whale activity often draws significant attention, as large deposits into exchanges can indicate potential sell pressure. However, it could also represent portfolio management, liquidity preparation, or collateral movement for institutional operations.

Market Reaction and Speculation

The Ethereum community and traders are closely watching Bitfinex and related wallets for further movement. Historically, large whale transfers have been followed by short-term volatility, but the broader market remains steady for now.

If the whale decides to liquidate a portion of holdings, it could create short-term fluctuations in Ethereum’s price. On the other hand, if this move is purely strategic, it could simply mark the return of a long-term holder repositioning for the next phase of the bull cycle.