Whale Ethereum Starts To Rise, Deposits 6,087 ETH

Whale Ethereum is detected as starting to move. (Photo; Doc. Coinario)

JAKARTA - Recently, the crypto community was shocked by the extraordinary events, namely the resurgence of the previously inactive Ethereum whale.

A prominent blockchain analytic platform, Lookonchain, uses platform X to announce that an Ethereum address that has been inactive for two years has suddenly made a large deposit of US$6.087 ETH worth US$10.4 million (Rp158 billion) to the Binance Exchange.

The re-arrival of this long inactive Ethereum address has sparked various reactions among crypto enthusiasts. A deposit of 6,087 ETH worth about $10.4 million is certainly not a small thing, and this raises speculation about the reasons behind this sudden action.

The crypto community is becoming full of curiosity, questioning whether this is a step from early holders who are reevaluating their investments or perhaps strategies carried out by institutional actors who want to take advantage of current market conditions.

This re-presence occurs at a critical time. The crypto market has just experienced a period of consolidation after extreme volatility. This is a time when unexpected events, such as the rise of inactive addresses, could have a significant impact on market sentiment.

After Grayscale won his legal case, Ethereum's price reacted by showing an increase. This crypto, which was previously trading at around $1,630, experienced a sharp rise.

The price trial passed the resistance level of $1,700, reflecting optimism in the market after a period of regulatory uncertainty. The increase also highlights investors' growing confidence in Ethereum's potential future, suggesting that clarity in regulation could have a major impact on market dynamics.

The emergence of significant transactions from Ethereum addresses that have long been inactive during this consolidation period has sparked various responses in the crypto community. Traders and fans quickly analyzed this situation, observed price movements and speculated about possible implications for the market.