Dormant Ethereum Whale Buys 2,570 ETH for $5.8 Million

Jason Wu

·May 13 2026, 10:32

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Key Takeaways

A wallet, dormant for one year, acquired 2,570 ETH for 5.81M USDC.
The purchase contrasts with the Ethereum Foundation’s recent $49.6M ETH sale.
The move adds to a broader trend of whale accumulation across major altcoins.

A dormant Ethereum whale wallet resurfaced after more than a year of inactivity to purchase 2,570 ETH for 5.81 million USDC, signaling renewed conviction from a large-scale investor.

On-chain data confirmed wallet address 0xB476 executed the buy at an average price of $2,261 per token. The transaction stands in contrast to recent selling from the Ethereum Foundation, which just unstaked 21,271 ETH worth approximately $49.66 million from a Lido staking position to rebalance its treasury.

The large accumulation by a private whale suggests that significant market participants are absorbing the supply from development-focused entities. While the Foundation’s move was framed as a routine operational unwind to fund protocol development, the corresponding buy from a long-dormant wallet indicates a bullish counter-narrative.

This purchase is part of a wider trend of whale activity across the digital asset market. Dogecoin (DOGE) recently saw whale transactions hit a six-month high, while large holders of Worldcoin (WLD) used its price dip to accumulate 12 million tokens in a week. Similarly, XRP has seen institutional inflows and a spike in whale-sized wallets, according to recent market reports. The activity from wallet 0xB476 suggests this capital rotation and accumulation trend is actively underway in Ethereum as well.

This article is for informational purposes only and does not constitute investment advice.