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On-chain large holders have recently shown intense activity, with Ethereum OG whale daily large transfers to Gemini drawing attention. According to monitoring data from the on-chain analysis platform Lookonchain, an early Ethereum player with a trading history of 8 years—wallet address 0xB3E8—has been continuously transferring Ethereum assets to the Gemini exchange.
Specifically, this whale has deposited 13,083 ETH into Gemini in recent days, worth approximately $39.4 million at the current price (based on $3.01K per ETH). The long-term holder still retains 34,616 ETH, which is roughly $104 million at the latest market prices.
From the account history, 0xB3E8, as an OG participant in the Ethereum ecosystem, has been continuously reducing its ETH holdings, possibly signaling portfolio rebalancing or cashing out. The movements of large holders often serve as a market sentiment indicator, and this series of intensive Gemini deposits warrants market participants' attention and reflection.