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      Dormant Ethereum Wallets Activate as Exchange Balances Remain Stable

      On September 30, 2026, a significant amount of long-dormant Ethereum (ETH) was transferred, according to data from the on-chain analytics platform Santiment. This movement involved coins that had not been touched for an extended period, indicating a resurgence of activity among older wallets. Despite this, exchange balances remained stable, a combination that typically signals traders to prepare for potential sell-offs.

      Santiment's analysis highlighted a metric known as age consumed, which measures the movement of coins that have been inactive for a long time. On the same day, Ethereum's exchange netflow turned positive, with approximately 33,900 ETH entering exchanges, suggesting that while old coins were moving, they were not immediately being sold on trading platforms.

      Earlier in September, four wallets that had been inactive for over two years transferred a total of 48,047 ETH to Bitfinex, valued at around $130.7 million. Additionally, a notable early Ethereum investor sold 2,000 ETH by the end of the month, generating approximately $6.19 million while retaining a portion of their original holdings. Overall, whale activity surged nearly 500% week-over-week during September, contributing to a monthly gain of over 9% for ETH, defying the typical seasonal downturn associated with the month of September in the cryptocurrency market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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