Mystery Whale Buys $1.34B in Ethereum in 8 Days

• 10 wallets created in eight days.
• 312,052 ETH accumulated.
• Purchases from FalconX, Galaxy Digital, BitGo.

Mystery Whale Amasses Huge Ethereum Holdings

A mysterious crypto whale has shaken up the Ethereum market after creating 10 new wallets in just eight days and acquiring 312,052 ETH — worth around $1.34 billion.

On-chain data reveals the purchases were sourced from three major institutional trading firms: FalconX, Galaxy Digital, and BitGo. The size and speed of this accumulation are fueling bullish speculation across the crypto community.

Institutional-Grade Buying Strategy

The transactions appear to have been executed in multiple discreet transfers, likely through OTC (over-the-counter) deals to avoid large price swings. This buying pattern is typical of high-net-worth or institutional players who seek to build positions quietly without triggering market alarms.

Analysts say the scale suggests the buyer could be a hedge fund, an asset manager, or even a sovereign wealth fund making a calculated long-term bet on Ethereum.

Market Sentiment Turns Bullish

Large and sustained accumulation from an unknown whale often creates a strong psychological impact on traders. Many view it as a sign of confidence in Ethereum’s long-term value, especially in a period of uncertain macroeconomic conditions.

If the buying continues, the reduced available supply on exchanges could push ETH prices higher. While the whale’s identity remains unknown, the market is already buzzing with theories — and some traders are positioning themselves for a potential rally.

Read Also:

• Top 3 Best Altcoins to Buy After New Crypto ETFs Hit the Market
• BullZilla, Hyperliquid and Polkadot Emerge as the Top Crypto Coins to Invest in October 2025
• Pudgy Penguins Price Prediction Shows 6% Dip, But a Hidden Best Meme Coin with 1000x Potential is Exploding
• $80M in Crypto Shorts Liquidated in 1 Hour
• ETH/BTC Weakens After 150% Rally, Retest Likely Ahead