200,000 ETH Revived From 8‑Year Dormant Bitfinex‑Linked Addresses — 736,316 ETH ($28.9B) Now in 8 Wallets
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$39,049,302,904.94
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COINOTAG reported on September 26 that LookIntoChain monitoring identified two addresses dormant for over eight years which were reactivated, transferring a combined 200,000 ETH (approximately $7.85 billion) into two new addresses. The activity was confirmed on-chain with clear transaction traces.
On-chain provenance shows the moved ETH largely originated from Bitfinex, and current custody analysis indicates the associated balances are aggregated across 8 wallets holding a total of 736,316 ETH (around $28.9 billion). These figures reflect concentrated long-term holdings rather than retail dispersion.
From a market-structure perspective, this represents material on-chain liquidity movement; institutional and compliance teams should watch for changes in liquidity, custody monitoring, and wallet consolidations using ongoing on-chain analytics.