Whales Buy $234M in Ethereum Amid Market Surge
Four crypto whales accumulate $234M in Ethereum, signaling growing confidence in ETH’s future.
- Four whales jointly bought 44,752 ETH worth $234M
- Large withdrawals made from Kraken, Binance, FalconX, and Bitget
- One whale used ETH as collateral to borrow USDC and buy stETH
In a significant show of confidence, four Ethereum whales collectively purchased nearly 44,752 ETH, worth approximately $234 million, over the past 24 hours. These large-scale movements come amid Ethereum’s ongoing price strength and may signal a shift in whale sentiment.
The biggest move came from a new wallet, 0x9d2, which withdrew 21,925 ETH—around $102 million—from Kraken just four hours ago. This transaction, at an average price of $4,652 per ETH, suggests high conviction in Ethereum’s potential future value.
Fresh and Familiar Wallets in Action
Another noteworthy transaction involved wallet 0x745, which withdrew 13,322 ETH (~$61.7M) from FalconX earlier today. This whale now holds a total of 22,556 ETH, worth over $102.3 million, indicating sustained accumulation over time.
Meanwhile, a third wallet, 0x4d4, executed a more complex move—withdrawing 4,208 ETH ($19.4M) from Binance, supplying it to Aave, and borrowing $26 million USDC to purchase an additional 4,608 stETH. This suggests the whale is betting on Ethereum’s long-term value while leveraging decentralized finance (DeFi) tools.
Wallet 0x9D9 also entered the scene, withdrawing 5,297 ETH ($24.7M) from Binance and Bitget over the last day. With an average purchase price of $4,663 per ETH, this whale joins the growing list of high-net-worth investors showing bullish sentiment.
What This Means for Ethereum
Whale activity often acts as a bellwether for the broader market. These accumulations point to increasing confidence in Ethereum, especially as the ecosystem evolves with new staking, scaling, and institutional involvement. Whether this trend continues will depend on broader market conditions, but for now, the whales are clearly buying in.
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