A long-dormant Ethereum wallet suddenly sprang to life just before a sharp market downturn, moving a massive stash of ETH to Bitfinex.
Blockchain analysts at Lookonchain revealed that this anonymous trader, inactive for six years, transferred 77,736 ETH—worth nearly $229 million at the time—right before Ethereum’s price plunged to around $2,100.
Interestingly, the same wallet had originally withdrawn this ETH from Bitfinex back in 2019, when it was valued at just $11.9 million, suggesting a significant profit.
Meanwhile, some major investors took advantage of the dip. A well-known entity, “7 Siblings,” reportedly scooped up 50,429 ETH, spending around $126 million.
This isn’t the first time they’ve made such a move—back in August, they quietly acquired $129 million worth of ETH when prices neared $2,300, strategically buying throughout the crash.
CME Group, the world’s largest derivatives marketplace, is expanding its digital asset lineup with the launch of XRP futures, set to go live on May 19, pending regulatory approval.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
As Bitcoin (BTC) regains stability and altcoins begin to show signs of life, investor optimism is once again on the rise.
In one of the memecoin success stories of the year, a Solana-based trader has turned a $173 investment into over $224,000, thanks to a viral rally in the obscure token TROLL.