Ethereum ICO Whale breaks 2-year dormancy and moves 15,000 ETH to Coinbase

Ethereum ($ETH) continues to fluctuate in price, dropping over 8.89% in the past 7 days. Amid this instability, the Ethereum whale has returned from a two-year hiatus. as spotted According to on-chain analyst “The Data Nerd”, this large holder deposited $15,000 $ETH At Coinbase.

Dormant Ethereum wallet activity sparks sale speculation

The movement of this large amount of Ethereum worth $30.97 million to crypto exchanges sparked interest. Notably, Whale purchased assets during Ethereum’s initial coin offering (ICO). That means he bought it. $ETH When coins were very cheap.

According to The Data Nerd, participants in this ICO purchased approximately 17,400 units $ETH The average price is $11.60. Whale used Poloniex, another exchange at the time, to accumulate assets over a period of time.

This is 15,000 $ETHThe item, which Whale just deposited with Coinbase, cost approximately $174,000 in 2014, when the purchase was made. If he decides to sell all of the coins currently parked at Coinbase, this will result in a profit of over $30.7 million.

It is this knowledge that is fueling speculation that the whale is likely to sell off all 15,000 individuals. $ETH At Coinbase. Additionally, the whales may not have come back from dormancy if there was no intention to sell them.

Meanwhile, this Ethereum ICO whale still has 14,800 $ETH His wallet is worth about $30.5 million. This revealed that his total holdings were approximately 29,800. $ETHand after holding on to his assets for years, he decided to move just over half of them to Coinbase for profit-taking.

Ethereum’s price fluctuations may have triggered the whale’s actions, as the major altcoins show no signs of stability even into 2026. Over the past 24 hours, Ethereum has fluctuated between a low of $2,023.27 and a daily high of $2,094.32.

As of this writing, Ethereum exchange The hand was $2,041.13, reflecting a decline of 1.91%. However, trading volume remained unchanged, increasing 14.92% to $15.11 billion in the same 24-hour period, indicating continued interest from some investors.

Ethereum and institutional changes in market outlook

As U.Today reported over the weekend, Ethereum is accelerating its growth. 121% increase in active addresses.

Notably, the number of active addresses jumped from 381,202 on March 15, 2026 to 841,404 on March 19, 2026. This development signals renewed engagement by market participants.

However, on the institutional side, asset management firm BlackRock ended the trading week with sales of 47,728. $ETH. black rock I made a trade with Coinbase Prime.

These deposits on exchanges could affect Ethereum’s price outlook in the long run, and market observers are closely monitoring their developments.