Dormant whale deposits $248M in ETH to Gemini after 9 years

A dormant Ethereum whale has deposited 85,000 ETH, valued at approximately $248 million, to the Gemini exchange, according to a report from EmberCN. The address, which begins with 0xb5Ab, had held the assets for nine years after withdrawing 135,000 ETH from Bitfinex at an average price of $90 per token. The initial investment was worth $12.17 million at the time. With the deposit price averaging $2,908, the move represents an estimated profit of $381 million, a 32-fold increase.