Ethereum (ETH) has reached heights it hasn’t seen in nearly four years, lingering just 13.5% below its all-time high. Oh, the sweet taste of success!
The crypto sea is churning, with the whales splashing about-some diving in for more as they smell future riches, while others scurry to lock in their profits before they disappear into thin air.
Crypto Whales Flip Bullish as Ethereum Nears Record Price 🐋
Behold, the magic moment! Just yesterday, BeInCrypto reported that ETH finally breached the $4,000 mark after 8 long months of anticipation. And the momentum? It’s picking up speed faster than a rollercoaster 🚀.
Ethereum reached a mighty $4,331 during early Asian trading today, a price we haven’t seen since December 2021. At press time, it settled to $4,229.45, marking a 1.45% rise in just 24 hours. How’s that for a comeback?
We’re only $648 away from that golden $4,878 peak back in November 2021. No wonder Ethereum whales are getting fidgety. A peek at the on-chain data shows them all reacting differently to this bullish tide.
In an X (formerly Twitter) post, Lookonchain revealed that some of the biggest players in the game are loading up on Ethereum like it’s Black Friday. For example, a whale with the address 0xF436 pulled out a whopping 17,655 ETH, worth $72.7 million, from exchanges. Who’s behind it? Likely SharpLink Gaming-always a mystery, isn’t it?
Another whale, wallet 0x3684, went all in with 34 million Tether (USDT), snagging 8,109 ETH at $4,193 each. It’s almost like they’ve done this before… oh wait, they have! Ethereum’s latest rally even brought back some former sellers. They’ve now turned into buyers. Talk about a plot twist!
Remember Arthur Hayes? The Maelstrom CIO who sold 2,373 ETH worth $8.32 million when ETH was at $3,507? Well, guess what? Yesterday, he transferred a cool 10.5 million USDC to buy ETH back at a higher price. Classic move, Arthur. 🙄
“Had to buy it all back, do you forgive me @fundstrat? I pinky swear, I’ll never take profit again,” Hayes wrote, probably with a teary emoji for effect.
And Hayes isn’t the only one with a remorseful heart. One whale sold 38,582 ETH when the price dipped to $3,548, only to buy it back at $4,010. That’s a nifty loss of over $17 million for selling low and buying high-masterstroke, right? 💸
“That’s a loss of over $17 million just from selling low and buying higher. Market swings can trigger fear, but history shows that strong hands often win in Crypto,” a crypto market watcher wrote. Couldn’t have said it better!
This whale panic sold $19,810,000 $ETH after the drop.
Today, he bought back $12,580,000 Ethereum after the bounce. 🔄
– Ted (@TedPillows) August 8, 2025
Key ETH Whales Trim Holdings Despite Positive Momentum 🤔
Despite the bullish fervor, not all whales are convinced the tide will keep rising. Lookonchain reported that Erik Voorhees, an early Bitcoin advocate and ShapeShift founder, sold 6,581 ETH worth $27.38 million at $4,161. Hey, even a seasoned player like him can’t resist locking in some gains!
But don’t worry, Erik’s still got some skin in the game-556.68 ETH worth around $2.3 million. He’s not *completely* out. 😎
“We were founded before Ethereum existed. Still bullish ETH,” ShapeShift posted, making sure to remind us of their street cred.
Meanwhile, Ethereum co-founder Jeffrey Wilcke decided to shake things up by depositing 9,840 ETH (about $9.22 million) into Kraken. Just a few months ago, he moved 105,737 ETH into newly created wallets. A man of mystery, this one!
In a juicy twist, OnChain Lens noticed that a long-dormant whale had awakened from a five-year nap, moving 5,000 ETH worth $21.14 million into Binance. The profit? Oh, just a casual $45.38 million. No big deal. 😏
“The whale initially received 55,001 ETH worth $6.73 million from BitZ, 7 years ago. The whale still holds 5,001 ETH worth $21.07 million,” OnChain Lens added. Talk about a whale who’s been napping on a fortune!
So, what’s the takeaway? As the tide rises, Ethereum’s biggest whales are acting in all kinds of ways-from mass accumulation to cautious profit-taking. Will they ride the wave or crash with it? Only time will tell. 🏄♂️
Read More
- Gold Rate Forecast
- Wrestler Marcus “Buff” Bagwell Undergoes Leg Amputation
- PS5’s ChinaJoy Booth Needs to Be Seen to Be Believed
- Microsoft is on track to become the second $4 trillion company by market cap, following NVIDIA — and mass layoffs
- AI-powered malware eludes Microsoft Defender’s security checks 8% of the time — with just 3 months of training and “reinforcement learning” for around $1,600
- ENA PREDICTION. ENA cryptocurrency
- xAI’s $300/month Grok 4, billed as a “maximally truth-seeking AI” — seemingly solicits Elon Musk’s opinion on controversial topics
- Anime’s Greatest Summer 2024 Shonen Hit Drops New Look Ahead of Season 2
- Lewis Capaldi Details “Mental Episode” That Led to Him “Convulsing”
- Minecraft lets you get the Lava Chicken song in-game — but it’s absurdly rare
2025-08-10 13:20