An inactive Ethereum whale has resurfaced after more than eight years by moving 100 ETH valued at approximately $230,159.

The same whale conducted significant transactions totaling $46.02 million in ETH through a network involving Binance, Bitfinex, and Aave, spread across eight wallets.

The whale's activity has raised speculations about potential effects on Ethereum's price during a time when the cryptocurrency is facing market struggles and substantial liquidations.

Market analysts are closely watching these large transactions, which can lead to market volatility and affect the stability of the altcoin.

Traders and investors are encouraged to remain cautious and alert due to the unpredictable nature of the cryptocurrency market, especially in light of these recent movements by long-dormant accounts.