A dormant Ethereum whale resurfaced and transferred large bundles of ETH after years of dormant. LookonChain reports that on September 8, 2025, a wallet with address name 0x67F7F deposited 47,507 ETH, worth $207 million, on two new wallets.
Whale 0x67F7 transferred $47,507 ETH ($20 million) into two new wallets after four years of inertility.
The whale received $123,687 ETH ($19.04 million, $540 million) from #bitfinex six years ago, when $eth was priced at $154.
He also deposited $2,900 eth on https://t.co/11pfrbp2j2. pic.twitter.com/vf2l93g7pl
– lookonchain (@lookonchain) September 8, 2025
This unexpected behavior has led to speculation within the crypto community, particularly as whales have not given any movement in the last four years.
Historical accumulation of ETH
The whale has a record that it first purchased 123,687 ETH on Bitfinex about six years ago, when Ethereum was trading at 154. The value of the stash for that period was estimated to be around $19.04 million.
The same is worth more than $500 million today, highlighting the huge profits in ETH prices over the past six years. Recent transfers that constitute the majority of these holdings highlight the range of profits redeemed by early investors.
Transfer details
Blockchain entries prove that the whales funded two substantial transactions. Approximately 28,904 ETH (valued at $125.85 million) were transferred to one wallet, and another 18,603 ETH (valued at $81 million) were transferred to another wallet.
Previous activities at the same address feature small transactions such as 100 ETH deposits to 100 ETH deposits on various occasions. Overall, the whales have transferred about 2,900 ETH to tornado cash. This anonymizes the transaction.
Market impact and community response
This unexpected revitalization of whale wallets of such size raises questions about the potential market impact. Mass transfers can generally cause concerns about potential sales pressures, especially when remittances move to mixers like new wallets and tornado cash.
Although we still don't know if ETH is a standby for a community that was sold, redistributed or held. On-chain analysts have noted that sometimes whale behavior can lead to major market events, but not all transfers lead to sales.
Looking ahead
The stability of Ethereum prices is put into question in case the whales choose to sell a portion of their holdings. However, transfers may be included in the regular reassignment or security arrangements or planning processes of Crypto Arena's changing new courses. As Ethereum remains a key hub for distributed finance (DEFI), staking and tokenization, the market closely monitors additional activities through whale wallets.
