On September 30, a significant volume of long-dormant Ethereum moved, as captured by the age consumed metric from Santiment. Despite this activity, exchange balances remained stable, indicating that these assets were not immediately liquidated on trading platforms.
Data shows a net inflow of approximately 33 900 ETH to exchanges on September 30. Earlier in the month, on September 21, four wallets inactive for over two years transferred 48 047 ETH to Bitfinex, a transaction valued at roughly $130,7 million.
An early investor who acquired 3 000 ETH in 2017 at an average price of $18,80 sold 2 000 ETH by the end of September, realizing about $6,19 million. The holder retained the remaining third of their original position.
Whale activity increased significantly throughout September, with large-scale transfers rising by nearly 500% week-over-week. Despite the movement of old coins, Ethereum recorded monthly gains exceeding 9%.
