In a significant development within the Ethereum ecosystem, a dormant ETH whale has resumed activity, depositing **3,888 ETH**, valued at approximately **$10.2 million**, into **Gemini**. This transaction occurred on October 15, as reported by **COINOTAG**. The whale had previously acquired **6,603 ETH** from **Bitfinex** around **1.6 years ago**, with an average purchase price of **$1,785**, totaling **$11.78 million**. Currently, the wallet retains **2,715 ETH**, corresponding to a market value of **$7.12 million**, indicating a total profit of **$5.54 million** from strategic positioning. This move could signal a shift in market dynamics as significant whale activity often influences price movements in the **crypto** markets, thereby underlining the importance of following such transactions closely for investors and analysts alike.
Source: https://en.coinotag.com/breakingnews/eth-whale-moves-3888-eth-worth-10-2-million-to-gemini-amidst-impressive-profit-surge/