Ethereum Whales Are Back out of Nowhere

By: bitcoin ethereum news|2025/05/02 11:30:02

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

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