Ethereum Whales Are Back out of Nowhere

Published 02/05/2025, 11:20
Updated 02/05/2025, 16:45
© Reuters Ethereum Whales Are Back out of Nowhere

U.Today - 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.

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.

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.

This content was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.