Ethereum ICO Whale awakens after 8 years of silence, staking 150,000 ETH worth 656 million dollars.

According to Onchain Lens monitoring, an early Whale who participated in the Ethereum ICO suddenly staked 150,000 ETH (worth about $656 million) after being silent for 8 years, attracting significant market attention. This Whale acquired a total of 300,000 ETH during the ICO in 2015, which was only worth $93,300 at the time, and now the value of its Holdings has big pumped thousands of times.

Whale wallet inactive for 8 years reactivated

(Source: Nansen)

The actions of this Whale coincided with the ETH price hovering around the $4,500 mark. In August, Ethereum once reached an all-time high of $5,000, but then it fell back and became volatile.

Market analysis suggests that this staking behavior may indicate the confidence of long-term holders in the Ethereum network and price prospects, and could generate positive signals in the spot market.

Whales and sharks are increasing their holdings simultaneously

According to Santiment data, medium-sized whales and sharks holding 1,000–100,000 ETH have increased their holdings by 14% over the past five months, a trend that began when ETH was hovering at the low of $1,400–$1,800.

Altcoin Vector's analysis shows that super whales holding at least 10,000 ETH and large whales holding 1,000–10,000 ETH significantly increased their positions from mid-July to August, in high alignment with the rebound pace of ETH prices.

This wave of accumulation driven by belief is crucial for ETH to hit historical highs once again. If spot demand continues to amplify, ETH is expected to break through $5,000 and stabilize above that level.

500k ETH outflow from exchanges

Crypto analyst Ali Martinez pointed out that in the past week, 500,000 ETH (approximately $2.1 billion) was withdrawn from centralized exchanges.

Such large-scale outflows are usually seen as a bullish signal, as the short-term selling pressure significantly decreases once assets are transferred to self-custody, helping ETH maintain upward momentum when challenging key resistance levels.

Derivatives and Spot Market Game

Although the accumulation behavior in the spot market is evident, the recent price fluctuations of ETH are more influenced by the derivatives market.

Analysts believe that once ETH breaks through the major resistance level, spot demand will be further activated, potentially triggering a new round of strong pump and bringing considerable returns to long-term holders.

Conclusion

This ICO Whale's staking action after 8 years is not only a vote of confidence in the Ethereum network but may also become an important catalyst to drive the ETH price back to $5,000. As whales and sharks continue to increase their holdings and exchange selling pressure weakens, the market is gathering strength to welcome the next wave of market movement.