Ethereum Whales Are Back out of Nowhere

By: bitcoin ethereum news|2025/05/02 19:30:02
0
Share
copy
In a series of on-chain moves over the last two hours, several high-value Ethereum (ETH) purchases have quietly shown renewed whale interest – not through explosive momentum or viral chatter but through deliberate, well-funded activity through both DeFi and centralized exchanges. Wallet 0xDdb4, which is involved in Aave lending markets, borrowed $3.44 million USDC and quickly used it to purchase 1,856 ETH. This was done across Uniswap and known OTC-connected addresses. The swaps look clean and intentional – no signs of speculation or trying to chase yield. It is just a matter of capital rotation into ETH on a large scale. You Might Also Like Not long after, wallet 0xf84d followed a similar pattern but with an interesting variation. The address borrowed $1.64 million USDC from Aave but spent $2.34 million USDC overall to acquire 1,259 ETH, suggesting they have some extra liquidity or prior stablecoin reserves. The key detail is that both wallets moved within the same short window, targeting similar Ethereum price levels and using the same DeFi pathways. Also, a new address, 0x69D0, took out 2,250 ETH (about $4.12 million) from Binance – and there were not any inbound transfers, historical swaps or prior activity. It is a pretty clean wallet profile for a transfer of that size, and while its intent is still a bit vague, the timing is hard to ignore. You Might Also Like In total, more than $7 million in ETH have been collected across three wallets in less than two hours. The wallets are not labeled funds or known institutional desks, but the amounts suggest high-conviction capital. Source: https://u.today/ethereum-whales-are-back-out-of-nowhere

-- Price

--

You may also like

Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market

Exclusive Interview with NDV Founder Jason Huang: MicroStrategy's coin selling triggered a stampede, BTC has fallen into a liquidity squeeze, and the current market has not yet bottomed out, patiently waiting for a "FTX-level" iconic panic event to clear.

Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal

Overview of Important Market Events on June 23

Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people

The pricing of large models is actually an "AI tax": it shackles large enterprises with computing power constraints, slows down automation, but turns subscriptions into a subsidy for small teams' innovative dividends. By capping the scale at under 149 people, startups can continuously experiment wit...

How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy

DAPPOS launched xBubble, using the innovative model of "SOP is business" to solve the challenges of implementing AI Coding, allowing OPCs who do not understand technology to create a real business closed loop with zero threshold.

The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case

As a mining note product aimed at investors, it inherently carries significant risks. This leaves considerable room for further explanation regarding BMN's actual scale, use of funds, sources of income, and governance disclosures.

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Overview of Important Market Events on June 22

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com