- The crypto community is interested in the reasons for the transfer from the dormant cryptocurrency since 2015. Ethereum– a wallet with 10,000 ETH worth $23 million at the current exchange rate.
- Most likely, the purpose of the transaction is not the sale of assets, since the current rate is almost 2 times lower than the price maximum.
С Ethereum- a wallet that has not shown any activity since the network launch, suddenly transferred 10,000 ETH, worth nearly $23 million, were raised during the crowdsale. Ethereum In 2015, when ETH was trading at around $0,31, the current price of the cryptocurrency exceeds $2000.
Most likely, we are not talking about a complete liquidation of the balance, but perhaps about a restructuring of storage, capital management, or possible key recovery.
Network data shows that the wallet remained inactive throughout all price cycles, even when ETH price reached record high of $4950 in August 2025. That same week, all altcoins were transferred to a new address.
Ilya Otychenko believes that the timing of the trade weakens the case for a panic exit. An owner who ignores previous market peaks is likely acting in accordance with a long-term strategy. Therefore, increasing the holding level or reorganizing the portfolio seems more prudent than a sudden sale.
He also drew attention to the fact that the daily trading volume Ethereum is approximately $15 billion. Against this background, a position of $23 million looks extremely small; the market can absorb such a volume without any volatility.
In addition, Otychenko suggested that the funds could have been moved to staking, which again confirms the reluctance to part with the crypto asset and the desire to receive passive income.
Now Ethereum trading at $2256, having gone down by 3,1% in 24 hours and 3,7% over the past week. Its market capitalization is $272 billion, supported by 120 million ETH in circulation.
Technical Analyst at Daan Crypto Trades said that Ethereum continues its slow uptrend despite repeated pullbacks from the $2400 level. This zone is now acting as a key trigger for a breakout.
Daan Crypto Trades Data
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/