Haciyev Reşit 
In the cryptocurrency market, the reactivation of previously inactive major investors is drawing attention. Two Ethereum wallets that had been dormant for over eight years recently transferred a total of 200,000 ETH (approximately $785 million) to two new addresses, triggering significant market activity.
These wallets reportedly contain ETH acquired through Bitfinex by one of Ethereum’s early investors. As of now, the investor holds a total of 736,316 ETH (around $2.89 billion) across eight different wallets.
Key Highlights in Whale Movements
- Bitcoin Whales: The newly created “1F1neJ” wallet has withdrawn a total of 2,261 BTC (approximately $247 million) from exchanges over the past four days. This suggests that whales are taking advantage of falling prices to strengthen their long-term positions.
- Solana Whales: A wallet linked to Galaxy Digital deposited 200,000 SOL (approximately $39.1 million) to Coinbase. Forward Industries’ 6,822,000 SOL currently has a market value of $1.34 billion, but on paper, it shows a loss exceeding $245 million.
- Popular Investors: YouTuber MrBeast purchased a total of 538,384 ASTER (approximately $990,000) over the past three days. He first transferred 1 million USDT to his wallet and then used these funds to buy ASTER at an average purchase price of around $1.87.
Assessment
These movements demonstrate that major players still hold significant positions in the market and can react quickly to price fluctuations. The reactivation of a long-dormant Ethereum whale could have a psychological impact on the market.
Whale activity in Bitcoin and Solana may lead to short-term volatility in price direction and liquidity. Meanwhile, purchasing activity by popular investors provides trend signals for retail traders and contributes to increased trading volume.
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