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Dormant crypto wallet moves $24.58M in Ether to Kraken after 9 years

Market News
07 Oct 2026
Tokenpost
View Source
Neutral
Dormant crypto wallet moves $24.58M in Ether to Kraken after 9 years

A cryptocurrency wallet known as pinosaur.eth transferred 9,618 Ether (ETH), worth $24.58 million, to the Kraken exchange after holding the tokens dormant for nine years. The wallet first acquired the ETH in April 2017, initially withdrawing 7,459 ETH from Bitfinex at about $50 per token. This transaction represents a 65-fold profit, totaling $24.21 million in gains. While the large transfer places a significant amount of Ether on a major exchange, it remains unclear what the wallet owner intends to do with the funds next.

The dormant wallet pinosaur.eth moved 9,618 Ether worth $24.58 million to Kraken after nine years of inactivity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 08, 2026 08:21 WIB: out of 50 major cryptocurrencies, 7 rose and 42 fell. Notable movers include XTZ (Tezos) at Rp5.596 with a 1-day change of -5.71%, YFI (Yearn) at Rp42.958.190 with -5.70%, and GRT (The Graph) at Rp492 with -5.59%.

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