Massive Ethereum Whale Resurfaces with $68M Deposit to Bitfinex

A significant movement in the Ethereum (ETH) market has caught attention after a massive whale, who had been dormant for five years, deposited 15,000 ETH worth approximately $68.2 million onto the Bitfinex exchange just recently. This deposit, according to on-chain data, occurred two hours ago and was made at an average transfer price of around $4,548 per ETH. The whale’s move raises questions about its potential future strategy for their holdings, especially given they still maintain a substantial 85,785 ETH (~$392 million) across three different wallets.