The post Whale’s 9-Year Dormant Ethereum Swapped for Bitcoin Cash appeared on BitcoinEthereumNews.com. Key Points: Whale address swaps Ethereum for Bitcoin CashThe post Whale’s 9-Year Dormant Ethereum Swapped for Bitcoin Cash appeared on BitcoinEthereumNews.com. Key Points: Whale address swaps Ethereum for Bitcoin Cash

Whale’s 9-Year Dormant Ethereum Swapped for Bitcoin Cash

Key Points:
  • Whale address swaps Ethereum for Bitcoin Cash.
  • Dormant wallet activates after nine years.
  • Possible link to Erik Voorhees.

A dormant whale address linked to potential ShapeShift founder Erik Voorhees exchanged 4,619 ETH ($13.42M) for 24,950 BCH after nine years of inactivity, BlockBeats News reports.

The exchange suggests significant holdings by crypto veterans, raising questions about market intentions and investor strategies amid fluctuating cryptocurrency valuations.

Whale’s $13.42 Million Ethereum Swap Draws Attention

The whale address linked to early Bitcoin evangelist Erik Voorhees executed a significant transaction, exchanging 4,619 ETH, worth around $13.42 million, for 24,950 BCH. Activity is noted by LookIntoChain after nine years of the address’s inactivity.

ETH saw a substantial withdrawal, exchanging it for BCH could shift market interest to alternative cryptocurrencies like Bitcoin Cash. Current market contexts show increasing diversification as individuals move their assets.

Ethereum Value and Market Reactions Post-Transaction

Did you know? A similar large-scale exchange from dormant crypto wallets can historically boost interest and market speculation in alternative digital currencies.

As of the current analysis, Ethereum is valued at $2,829.86, maintaining a market cap of approximately $341.55 billion with an 11.85% dominance. Trading volume hit $29.48 billion, reflecting a 14.10% increase. CoinMarketCap data indicates the cryptocurrency experienced a 0.19% rise over the past 24 hours but a notable dip of 12.47% over the past week.

Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 23:12 UTC on December 18, 2025. Source: CoinMarketCap

According to Coincu research team, shifting assets on this scale can influence investor behavior. Such developments could trigger regulatory scrutiny while sparking technological innovation within blockchain asset management.

Source: https://coincu.com/news/whale-swaps-dormant-ethereum-bitcoin-cash/

Market Opportunity
Ambire Wallet Logo
Ambire Wallet Price(WALLET)
$0.01422
$0.01422$0.01422
+3.87%
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Microsoft Corp. $MSFT blue box area offers a buying opportunity

Microsoft Corp. $MSFT blue box area offers a buying opportunity

The post Microsoft Corp. $MSFT blue box area offers a buying opportunity appeared on BitcoinEthereumNews.com. In today’s article, we’ll examine the recent performance of Microsoft Corp. ($MSFT) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 07, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five wave impulse structure + ABC + WXY correction $MSFT 8H Elliott Wave chart 9.04.2025 In the 8-hour Elliott Wave count from Sep 04, 2025, we saw that $MSFT completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers in the equal legs area between $497.02 and $471.06 This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend. $MSFT 8H Elliott Wave chart 7.14.2025 The update, 10 days later, shows the stock finding support from the equal legs area as predicted allowing traders to get risk free. The stock is expected to bounce towards 525 – 532 before deciding if the bounce is a connector or the next leg higher. A break into new ATHs will confirm the latter and can see it trade higher towards 570 – 593 area. Until then, traders should get risk free and protect their capital in case of a WXY double correction. Conclusion In conclusion, our Elliott Wave analysis of Microsoft Corp. ($MSFT) suggested that it remains supported against April 07, 2025 lows and bounce from the blue box area. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets. Source: https://www.fxstreet.com/news/microsoft-corp-msft-blue-box-area-offers-a-buying-opportunity-202509171323
Share
BitcoinEthereumNews2025/09/18 03:50
DOGE ETF Hype Fades as Whales Sell and Traders Await Decline

DOGE ETF Hype Fades as Whales Sell and Traders Await Decline

The post DOGE ETF Hype Fades as Whales Sell and Traders Await Decline appeared on BitcoinEthereumNews.com. Leading meme coin Dogecoin (DOGE) has struggled to gain momentum despite excitement surrounding the anticipated launch of a US-listed Dogecoin ETF this week. On-chain data reveals a decline in whale participation and a general uptick in coin selloffs across exchanges, hinting at the possibility of a deeper price pullback in the coming days. Sponsored Sponsored DOGE Faces Decline as Whales Hold Back, Traders Sell The market is anticipating the launch of Rex-Osprey’s Dogecoin ETF (DOJE) tomorrow, which is expected to give traditional investors direct exposure to Dogecoin’s price movements.  However, DOGE’s price performance has remained muted ahead of the milestone, signaling a lack of enthusiasm from traders. According to on-chain analytics platform Nansen, whale accumulation has slowed notably over the past week. Large investors, with wallets containing DOGE coins worth more than $1 million, appear unconvinced by the ETF narrative and have reduced their holdings by over 4% in the past week.  For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Dogecoin Whale Activity. Source: Nansen When large holders reduce their accumulation, it signals a bearish shift in market sentiment. This reduced DOGE demand from significant players can lead to decreased buying pressure, potentially resulting in price stagnation or declines in the near term. Sponsored Sponsored Furthermore, DOGE’s exchange reserve has risen steadily in the past week, suggesting that more traders are transferring DOGE to exchanges with the intent to sell. As of this writing, the altcoin’s exchange balance sits at 28 billion DOGE, climbing by 12% in the past seven days. DOGE Balance on Exchanges. Source: Glassnode A rising exchange balance indicates that holders are moving their assets to trading platforms to sell rather than to hold. This influx of coins onto exchanges increases the available supply in…
Share
BitcoinEthereumNews2025/09/18 05:07
The Digital WOW Explains How AI Is Affecting Digital Marketing

The Digital WOW Explains How AI Is Affecting Digital Marketing

WEST PALM BEACH, Fla., Dec. 19, 2025 /PRNewswire/ — The Digital WOW, powered by ConsultPR.net, announces new findings on how AI is affecting digital marketing.
Share
AI Journal2025/12/19 17:30