Ethereum Whale Awakens After 8 Years, Unlocking $2.89 Billion Fortune
- Ethereum whale accumulates 200,000 ETH at $21.9 avg. (2016-2017), now valued at $2.89B after 8 years. - Funds originated from dormant Bitfinex wallets holding 736,316 ETH (0.61% of total supply) since 2019 collapse. - Long-term accumulation during undervaluation highlights Ethereum's growth potential amid DeFi adoption and price surges. - Whale's reactivated wallet raises questions about market liquidity risks, though prolonged holding suggests stable investment thesis.
A significant
This whale’s approach to accumulating ETH demonstrates the long-term investment potential of Ethereum, especially during periods when the asset was undervalued. The average acquisition price of $21.9 in 2016–2017 reflects a time when Ethereum traded at a fraction of its later highs. By 2025, ETH’s price had climbed above $3,900, allowing the whale to realize gains of roughly 178 times the original investment. This example highlights the significant rewards possible through strategic buying during market lows, a trend seen in previous major crypto bull markets.
The whale’s current ETH stash makes up a notable share of the total circulating supply. With 736,316 ETH, the whale controls about 0.61% of all ETH in circulation, based on a total supply of 120.7 million ETH as of September 2025. Holding such a large amount in one wallet raises concerns about liquidity and the potential for price swings. Nonetheless, the whale’s long-term holding pattern suggests a strong conviction in Ethereum’s future, aligning with its expanding role in decentralized finance (DeFi) and smart contract platforms.
The background of these ETH holdings adds depth to the story. The coins were acquired during Bitfinex’s 2016–2017 operations, a time characterized by regulatory uncertainty and volatile markets. The whale’s choice to accumulate during this period reflects a willingness to take on significant risk, ultimately benefiting from Ethereum’s technological progress and growing institutional interest. The current $2.89 billion valuation also highlights Ethereum’s durability amid broader economic changes, such as ETF inflows and shifts in corporate treasury management.
Experts point out that such large-scale accumulation often precedes notable market developments. Although the whale’s recent transaction hasn’t immediately impacted prices, the awakening of a long-dormant wallet could indicate strategic moves ahead. As reported by EmberCN, the anonymity of the transaction leaves open the possibility of further activity, whether for over-the-counter trades, staking, or providing liquidity. Given Ethereum’s foundational status in DeFi and layer-2 solutions, changes in whale behavior could have a ripple effect on market sentiment and trading patterns.
This Ethereum whale’s story illustrates the importance of patience, timing, and understanding market cycles in crypto investing. By holding for eight years, the whale has benefited from the power of early accumulation. As Ethereum continues to develop with upgrades like the Merge and Shanghai hard fork, major holders like this may significantly influence liquidity and price stability. For now, the $2.89 billion portfolio stands as evidence of the rewards possible through disciplined, long-term investment in Ethereum.
Source: [1] BlockBeats News
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: Institutional ETFs and Derivatives Indicate a Positive Shift for XRP Above Crucial Support Levels
- XRP rebounds above $2.20 as buyers defend key support, supported by $107.92M in ETF inflows and rising institutional confidence. - Technical analysis highlights a bullish "Staircase to Valhalla" pattern, with $2.26-$2.52 resistance levels and Fibonacci targets signaling potential for $2.69. - Derivatives data shows aggressive long-positioning (OI: $4.11B), with Binance's 2.56 long-short ratio and 57% options OI surge reinforcing bullish momentum. - Institutional ETF conversions (e.g., Grayscale Zcash) an

Why Switzerland's Temporary Halt on Crypto Highlights Worldwide Regulatory Disunity
- Switzerland delays crypto tax data-sharing until 2027, highlighting global regulatory fragmentation amid CARF adoption challenges. - Two-phase approach prioritizes domestic law alignment before reciprocal agreements with key economies like U.S., China, and Saudi Arabia. - 75 CARF signatories progress unevenly, with U.S. and Brazil proposing alternative frameworks, complicating cross-border compliance. - Swiss crypto firms face operational risks during transition, as critics warn of regulatory arbitrage b

Thailand’s Bold No-Crypto-Tax Move: Shaping a Future Southeast Asian Crypto Center
- Thailand imposes 0% capital gains tax on local crypto trading (2025-2029) to boost its digital economy and attract investors. - The policy aligns crypto profits with tax-exempt stock trading, supported by a 2024 Bitcoin ETF and Tourist DigiPay pilot for foreign visitors. - Regulatory caution is evident through biometric data shutdowns and PDPA compliance, balancing innovation with security amid regional competition. - Projected $1B annual economic gains aim to position Thailand as a top Southeast Asian c
The Transformation of Webster, NY: Targeted Property and Infrastructure Initiatives After the Xerox Era
- Webster , NY, secured a $9.8M FAST NY grant to transform the former Xerox campus into a shovel-ready industrial hub, part of Governor Hochul’s upstate revitalization strategy. - Infrastructure upgrades, including road and sewer improvements, aim to attract advanced manufacturing and logistics firms by reducing development risks and costs. - The Xerox campus redevelopment includes mixed-use projects, projected to create 250 jobs and boost property values through residential and commercial integration. - W
