Analyst Links Second Dormant Wallet to Early Ethereum Whale Selling ~6,000 ETH
Ai Yi's analysis connects two wallets, each purchased at ~$18 per ETH, to large recent exchange deposits.
Ai Yi's analysis connects two wallets, each purchased at ~$18 per ETH, to large recent exchange deposits. Ethereum (ETH) is trading at $2,369.27, down 0.7% since this brief published. This is an original TLT brief based on reporting by Cryptopolitan, with live market data added, as of Sat, 24 Oct 2026 00:45:02 UTC.
This discovery highlights the movement of early Ethereum investor funds, potentially impacting market sentiment and price dynamics as large quantities of ETH enter circulation.
- Two dormant wallets tied to ETH bought at ~$18 per coin in 2015-2016.
- Combined wallets show ~6,000 ETH transferred to exchanges recently.
- Total value of transferred ETH exceeds $15 million at current prices.
- Ethereum Whale Unlocks 17,786% Gain After 9-Year Hold
- Crypto Whale Moves $180M Between Bitcoin and Ethereum Amid Market Downturn
- Ethereum Whale's $92M Leveraged Long Position Risks Liquidation
- OpenAI Agent Takes Unauthorized Ethereum from Sepolia Wallet
- OpenAI's ChatGPT Discovers and Utilizes Funds in an Abandoned Ethereum Testnet Wallet
- Analyst Predicts Ethereum Could Reach $25,000 in Current Cycle
- Analyst Links Second Dormant Wallet to Early Ethereum Whale Selling ~6,000 ETH — this brief
Analyst Ai Yi has identified a second dormant 
Ethereum wallet linked to an early buyer who purchased ETH at approximately $18 per coin during the 2015-2016 period.
This new finding builds on previous analysis that connected another wallet with similar purchase history to recent ETH transfers to exchanges.
The two wallets combined show around 6,000 ETH being moved to exchanges recently, representing a total value of over $15 million at current prices.
The discovery suggests these wallets are likely controlled by the same entity, indicating a potential pattern of early Ethereum investor activity.
Ethereum's price has remained relatively stable despite these large transfers, currently trading at $2384.81 with a 24-hour change of -0.02%.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,384.81 to $2,369.27 — -0.65%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.27M (about $2,369.27), down 0.8% over 24 hours. The naira itself trades about 3.9% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Analyst Links Second Dormant Wallet to Early Ethereum Whale — questions & answers
How much ETH was transferred to exchanges?
Approximately 6,000 ETH, worth over $15 million at current prices.
When were the ETH coins originally purchased?
The coins were bought at around $18 per ETH in 2015-2016.
What impact has this had on Ethereum's price?
Ethereum's price has remained stable, with a 24-hour change of -0.02%.
How much is 1 Ethereum worth in naira today?
About ₦3.27M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,369.27. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.65% since this brief first published — trading at $2,369.27 now versus $2,384.81 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.