1 Million ETH Wallet Appears to Reactivate as Whales Continue Accumulating Ethereum

• Whale reactivation: An ICO-era wallet with 1,000,000 ETH resumed activity after eight years.

• 150,000 ETH (≈ $645M) moved to staking; 105,000 ETH remains across two wallets (~$451.5M).

• Retail whales and institutions bought 218,750 ETH (~$942.8M) in two days, including large purchases by Bitmine and recent FalconX buys.

Meta description: 1 million ETH wallet reactivates — huge ICO-era whale moves 150,000 ETH to staking; learn what this means for Ethereum and institutional accumulation. Read now.

What happened when a 1 million ETH wallet reactivated?

1 million ETH wallet reactivates after eight years, with the owner staking 150,000 ETH and retaining sizable balances in two wallets. The wallet originally received 1,000,000 ETH during the Ethereum ICO and has now resumed on-chain activity, signaling renewed interest from early investors.

How much ETH did the whale move and stake?

On-chain analytics reported that the whale transferred 150,000 ETH to a staking address immediately after reactivation. That stake equals roughly $645 million at current prices. Two remaining wallets still hold approximately 105,000 ETH, valued at about $451.5 million.

Why are whales buying Ethereum like crazy?

Whales keep buying Ethereum like crazy due to increasing institutional interest and bullish on-chain indicators. Over the past two days, reports show accumulation totalling 218,750 ETH, driven by both retail whales and financial entities buying via platforms like FalconX and secondary custody providers.

Who were the notable buyers and how much did they buy?

Reported buyers included Bitmine, linked in public commentary to Fundstrat’s Tom Lee, which acquired 69,603 ETH (~$300M) via transactions involving BitGo and Galaxy Digital. Separately, five recently created wallets bought 102,455 ETH (~$441.6M) through FalconX.

When did price react and what was the market impact?

Ethereum rose roughly 3.55% over the past day, reaching about $4,420 and printing a large green candle on hourly charts. The whale reactivation and concentrated purchases coincide with a short-term price uptick and heightened on-chain liquidity flows.

Frequently Asked Questions

How can reactivated ICO wallets affect Ethereum’s price?

Reactivated ICO wallets can increase short-term volatility if large amounts are sold, but staking moves suggest long-term conviction. In this case, a significant portion was staked, which may reduce circulating supply and support price stability.

How do analysts verify whale movements?

Analysts track on-chain transactions, wallet histories, and custody flows using blockchain analytics tools. Public reports referenced Lookonchain for wallet provenance and transaction details; these are plain-text references to on-chain analytics sources.

Key Takeaways

• Long-dormant whale reactivated: An ICO-era wallet with 1,000,000 ETH resumed activity after eight years.
• Substantial staking: 150,000 ETH moved to staking, signaling long-term intent rather than immediate sell-off.
• Broader accumulation: Institutions and retail whales amassed ~218,750 ETH in two days, supporting a near-term price uptick.

Conclusion

This event — the 1 million ETH wallet reactivates and sizable institutional buys — points to renewed on-chain accumulation and potential tightening of available ETH liquidity. Market participants should monitor staking flows and on-chain custody movements for further direction. For ongoing coverage, follow COINOTAG reporting and on-chain analytics updates.

Published: 2025-09-05 | Author: COINOTAG