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$ETH

🐋 Ethereum whale inactive for 5 years makes significant movement (Binance Square)
According to the official post from Binance News Square on February 2, 2026:

📌 A large entity — described as a "whale" or institution that had been inactive on-chain for five years — has started moving Ethereum significantly.
Binance

📊 Details of the movement
🔹 44,500 ETH were used as collateral to take a loan of 70 million USDT.
Binance
🔹 Additionally, the whale bought 30,222 ETH at an average price of $2,316 per ETH.
Binance
🔹 The ETH used as collateral had been withdrawn from an exchange 5 years ago, when the price was around $1,354 per ETH — suggesting an unrealized profit (mark-to-market) of tens of millions of dollars.
Binance

💡 The use of ETH as collateral for loans and the additional purchase of ETH indicates that the whale is not just selling, but is looking to increase exposure or leverage the position, which many analysts interpret as a sign of confidence in the asset.
Binance
📈 Broader context of whale activities in ETH
On-chain data from other sources shows that this type of activity — large addresses with long periods of inactivity returning to act — has been occurring frequently in various forms in the crypto market:

🧠 Some of these large addresses have collateralized ETH for long positions or lending strategies on DeFi platforms, such as Aave.
MEXC

🐳 Movements of old wallets that have been inactive for several years have also been observed on other occasions, often signaling strategic repositioning of positions or partial profit-taking.
bitgetapp.com
📊 Additionally, other whales have been increasing positions by accumulating ETH in gradual purchases.
#ETH #Binance #USDT #usa