# Dormant Address Sends 3,000 Ether Valued at $7.23 Million to Kraken

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/38705
Published: 2026-10-23T05:11:31.000Z
Updated: 2026-10-23T05:11:31.000Z
Section: Investing

> The 3,000 ETH were withdrawn from Gemini in 2017, when they were worth about $56,000.

An address sent 3,000 Ether (ETH), valued at $7.23 million, to Kraken on Thursday, Oct. 22, after 9.5 years of inactivity, a sharp increase from its 2017 valuation.

The Ether was withdrawn from Gemini in 2017, when it traded at $19. The 3,000 ETH were then worth about $56,000.

The transfer value was about 128 times the 2017 valuation.