🚀 Sleeping Giant Wakes: Ethereum Whale Cashes Out $21M to Binance, Rakes in $45M Profit

A dormant Ethereum whale just shook the crypto markets—liquidating $21M worth of ETH on Binance and locking in a staggering $45M profit. Was this a strategic exit or just another whale playing the volatility game?

The Wake-Up Call

After years of hibernation, the whale’s move sent ripples through the market. Timing? Impeccable—just as ETH flirted with yearly highs. Coincidence? Unlikely.

The Profit Play

$45M in gains isn’t pocket change—even for crypto’s elite. The whale’s original buy-in? Probably pennies on the dollar. Meanwhile, retail traders scramble for scraps.

The Cynic’s Take

Another day, another whale cashing out while the SEC debates whether Ethereum is a security. Sleep tight, folks—the house always wins.

One long-term ethereum whale is back after five years of dormancy and transferred 5,000 ETH, or around $21.14 million worth of the token, to Binance. According to on-chain data, this movement of the whale delivered an incredible profit of $45.38 million.

After 5 years of dormancy, a whale deposited 5,000 $ETH ($21.14M) into #Binance, making a profit of $45.38M.

The whale initially received 55,001 $ETH worth $6.73M from #BitZ, 7 years ago.

The whale still holds 5,001 $ETH worth $21.07M.

Address:… pic.twitter.com/4YCgfgkix0

Seven years ago, BitZ sent 55,001 ETH to the address 0xe…7ec6, at a time when those reserves were valued at only six million seven hundred and thirty-three dollars.

If the recent deposit is set aside, the whale still has around 5,001 ETH, which totals about 21.07 million dollars, which can entail further market actions.

Ethereum Price Breaks $4.2K as Altseason Signals Emerge

This transaction will be amidst significant bull momentum in the Ethereum price, which earlier surpassed $4,200 today.

This action serves as one of the earliest and most direct indicators of a potential altseason, as capital begins to flow back into large altcoins following the decline in Bitcoin dominance, which is currently testing the crucial 60% mark.

If it closes below 60% this week, it will be one of the biggest indicators of a potential alt season in the following months.

Market watchers predict that Ethereum could reach a new all-time high of over 4,800 in the coming weeks, given that macroeconomic conditions remain stable.

This big pump over a major resistance has increased trader emotions, but there are some analysts who say that sales by bullish holders, including this whale, WOULD provide short-term selling pressures.

Whale Activity Adds to Market Watchlist

The significance of the large dormant wallets’ movements comes with the possibility of having an effect on liquidity and sentiment.

Although it is not obvious whether the whale wants to sell all of the 5,000 ETH at once, the action of depositing the funds in Binance suggests that some of the assets are sold for profit purposes.

Currently, bullish technical levels and renewed market Optimism support Ethereum’s uptrend trading range.

As whales come back to life and the price levels begin to approach historical highs, traders are interested in observing whether Ethereum can maintain the momentum of its rising prices or whether the rally will be slowed by profit-taking.