An Ethereum early adopter wallet (0x6D30) deposited its entire holding of 2,119 ETH—worth approximately $4.99 million—to Coinbase after remaining inactive for three years. The transfer marks one of several recent movements by long-dormant "OG" wallets signaling potential sell pressure on the asset.
The deposit occurred roughly seven hours before detection and represents the full balance of the address, raising questions about whether additional whale wallets are reactivating amid current market conditions.
Ethereum OG Wallet Deposits $4.99M in ETH to Coinbase After 3-Year Dormancy
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
