9 Whale Wallets Scoop Up $457M in Ethereum

• $456.8M in ETH bought by 9 new whale addresses.
• 5 whales sourced ETH from BitGo; 4 used Galaxy OTC.
• Whale accumulation reinforces bullish ETH sentiment.

Whales Just Bought Nearly Half a Billion in ETH

In a clear sign of growing institutional confidence, nine massive crypto wallets have collectively purchased $456.8 million worth of Ethereum. This large-scale Ethereum whale accumulation is making waves across the market and could mark a pivotal moment in ETH’s recovery trajectory.

Out of these nine wallets, five received ETH from BitGo, a leading crypto custodian known for institutional-grade security. The remaining four used Galaxy Digital’s OTC services, a go-to source for discreet large-volume crypto transactions. These movements hint that sophisticated players are quietly loading up on ETH ahead of a potential surge.

Who Are the New Ethereum Giants?

While the exact identities remain undisclosed, on-chain data shows significant inflows into the following addresses:

• 0x85f28f...c79B65
• 0xbB1ab6...2615E
• 0x76e3b7...ceF28
• 0xf36A7d...47c0
• 0xB476c0...4ba9
• 0x862a23...4720
• 0x2cC890...9757
• 0x3c6ad1...142
• 0x854fCC...2156

The volume and method of acquisition strongly suggest institutional players or ultra-high-net-worth individuals positioning themselves ahead of potential Ethereum catalysts—including ETF developments, Layer 2 growth, and renewed DeFi interest.

Bullish Signal or Smart Hedging?

Whether these whales are betting on a short-term price rally or building long-term exposure, this level of Ethereum whale accumulation typically signals strong conviction. Such moves often precede bullish momentum, as these wallets rarely engage in short-term trading.

Combined with other recent whale activity—including the BTC-to-ETH rotation seen earlier this week—this surge in high-volume ETH buys could indicate a broader strategic pivot toward Ethereum across the institutional landscape.

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