Early Ethereum holder deposits $43.4M in ETH to Gemini

An early Ethereum holder whose address had been dormant for eight years has deposited a total of 13,083 ETH, worth $43.35 million, to the Gemini exchange over the past two days, according to a report from Lookonchain. The address, which begins with 0xB3E8, currently retains a balance of 34,616 ETH, valued at $115 million. Deposits to exchanges are typically interpreted as a potential precursor to selling.