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

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

The platform that wins this competition will be the one whose execution layer is the hardest to replicate, whose builder ecosystem delivers the fastest, and whose regulatory path is the most open.

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?

Every exchange is a "Universal Exchange."

You initially build infrastructure for something, then realize it can also be used for many other things, and then you continuously expand the business to accommodate everything that the infrastructure can support.

The counterattack of traditional finance: Alliance chains are quietly reviving

Whether public chains win or consortium chains win has never been the focus.

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