Whale Activity Surges as Dormant Crypto Wallets Make Major Moves

Activity among major cryptocurrency holders is intensifying, with significant token movements reshaping the landscape.

Once-dormant wallets are springing back to life, newly emerging investors are making bold plays, and seasoned holders are adjusting their positions.

One such case involves an Ethereum address, 0xbc8, which had remained largely inactive for years before suddenly transferring 2,692 ETH (roughly $5.01 million) from OKX. The unexpected withdrawal has led to speculation over possible investment or trading plans.

Meanwhile, a fresh player in the market, operating under the wallet 0x7c9, pulled out 2.4 million OM tokens from Binance, valued at around $15.54 million at an average price of $6.47. Further investigations link this move to another address, 0x699, which has been steadily withdrawing small amounts of ETH over the past two weeks to fund gas fees for several wallets involved in OM trading since early 2024. Two of these wallets now collectively hold 11.64 million OM, worth approximately $75.39 million.

Another whale, identified as 2fyep, made headlines after withdrawing 201,755 SOL from Binance—an investment worth $24.98 million, with tokens acquired at an average price of $123.81. Instead of dispersing the funds, the entire amount was immediately deposited, signaling a potential long-term strategy.

At the same time, a well-known investor, 0xc6f, has been offloading LINK tokens. The latest sale included 217,421 LINK at $13.29 each, totaling $2.88 million in USDC. Since reactivating in March 2025 after months of inactivity, the address has liquidated 356,665 LINK for $4.59 million at an average price of $12.88. With these continued sell-offs, holdings have dwindled to just 7,917 LINK, now valued at about $106,000, spread across two remaining wallets.