Dormant ETH Whale Holding $119M Reactivates
On-chain tracker Lookonchain reported that a previously dormant Ethereum wallet woke up and moved about $119 million in ETH on Nov. 30, 2025. The wallet had been inactive for years, making the sudden activity notable for on-chain observers and market participants who monitor large holder behavior for signs of shifting supply dynamics.
Such reactivations can signal a range of intentions — from portfolio rebalancing and staking to potential sales — and often prompt traders to watch exchange inflows, gas patterns, and subsequent transfers. While a single whale move doesn’t guarantee price impact, it matters because large addresses control meaningful liquidity; any sustained flow to exchanges could increase selling pressure, whereas transfers to staking or cold storage might be read as bullish. Market watchers will be tracking follow-up transactions closely for clearer clues.