NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Price Balks As Dormant Whales Reactivate

Best Owie
Best Owie
2 years ago
3 mins read
Ethereum whales

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum price closely followed that of bitcoin throughout the week and this saw the digital asset fall below the $1,200 level once more. Presently, the entire market looks to be consolidating but Ethereum has been put under some pressure following the activation of two whale addresses. These addresses which had not transacted for about half a decade had suddenly moved tens of millions of dollars worth of ETH between them.

Five-Year-Old Whales Move $27 Million

In the early hours of Monday, Lookonchain, an on-chain data tracker, took to Twitter to post the re-awakening of long-dormant Ethereum addresses. These addresses both held at least $10 million worth of ETH on their balances and had not seen any type of activity in the last five years, until today.

Related Reading

Dogecoin (DOGE)

Double-Digit Losses Brings Doge Below Critical Level, More Pain To Follow?

2 years ago

Both wallets, seemingly out of nowhere, had first transferred out 1 ETH to a new wallet in what looks like test transactions. What followed was another large transaction that would empty out their balances. 

The first wallet would transfer a total of 9,877 ETH in a single transaction, worth $11.7 million at current prices, while the second wallet would transfer out a total of 13,103.99 ETH in its second transaction, worth $15.5 million at press time. This brought their cumulative total transactions to more than $27 million.

Ethereum price chart from TradingView.com

ETH stalls at $1,185 | Source: ETHUSD on TradingView.com

All of the ETH was transferred to new, unknown wallets with no prior history besides the 1 ETH test transaction. The ETH is now sitting in these new Ethereum addresses and has not been touched so far.

Bad News For Ethereum?

The movement of such a large amount of ETH has stopped the digital asset in its tracks. So far, there has not been any meaningful movement in the Ethereum price which shows a lot of wariness on the part of investors and traders alike.

However, despite the ETH from these whales being significant, it does not look to have any market impact since the coins were just moved from one storage wallet to another, as it seems. There has been no movement to centralized exchanges, and if this was a sale, it was an OTC trade which eliminates the pressure such a sale would have had on the open market.

Related Reading

MATIC Polygon

Polygon Profitability Tanks As MATIC Nosedives 5.6%

2 years ago

Ethereum price on the other hand has now moved into the control of the bears. The $1,200 support was flipped and is now a resistance level that bulls must beat to attain any momentum. This also drags the digital asset well below the 100-day moving average of $1,439, showing bearishness for the medium to long term.

ETH’s price is currently trending at $1,180. It is down 5.22% in the last 7 days and saw trading volumes of approximately $4 billion in the last 24 hours.

Featured image from Bitcoinist, chart from TradingView.com
Tweet123Share196ShareSend
Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

Read more

Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum at Risk? Whale Activity and On-Chain Signals Hint at Further Correction

Ethereum at Risk? Whale Activity and On-Chain Signals Hint at Further Correction

Ethereum’s price action has demonstrated a pullback in recent days, reacting to broader market cues, including geopolitical developments. As of...

Samuel Edyme 2 days ago
Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support

Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support

Ethereum is showing renewed strength as it consolidates above the $2,500 mark, signaling resilience in the face of broader market...

Sebastian Villafuerte 2 days ago
Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth

Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth

Ethereum is experiencing increased volatility as it consolidates just below the key $2,700 resistance level. Despite several attempts to break...

Sebastian Villafuerte 3 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Price Consolidates and Eyes Recovery

Ethereum Price Stabilizes After Drop — Can Bulls Regain Control?

Aayush Jindal 11 hours ago
Ethereum Pulls Back 10% But Holds Monthly Gains – Is the Next Pump Loading?

Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?

Sebastian Villafuerte 1 day ago
Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Sebastian Villafuerte 2 days ago

Premium Sponsors

Top Brands

Press Releases

  • Cloud Mining Trick Makes $9,0177 a Day — #XRP &...

    12 hours ago
  • RIPPLECOIN Mining creates stable income cloud mining...

    19 hours ago
  • How to Make $10,000 a Day: XRP Enthusiasts Live the Dream...

    2 days ago
  • Quickly Earn $18,970 a Day — Cryptomining Firm Allows...

    2 days ago
  • Kyrgyzstan solidifies role as Central Asia’s leading...

    3 days ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.