A new Ethereum whale has bought $32 million worth of ETH, showing that big investors and companies are growing more confident in Ethereum. At the same time, whales in Bitcoin and Solana are taking profits, hinting at a shift in market trends.
What’s Happening
A new crypto wallet purchased 8,370 ETH (worth $32 million) on O****K**X at an average price of $3,824, according to Arkham data. This move follows large Ethereum buys from two companies last week SharpLink (203,826 ETH worth $792 million) and Bitmine Immersion Technologies (19,271 ETH worth $74.9 million).
With ETH now trading near $3,882, this steady accumulation suggests rising trust from institutional players. “These treasury inflows are likely driving more corporate and whale interest in Ethereum,” said Jamie Elkaleh, CMO of Bitget Wallet.
Market Contrast
While Bitcoin ETFs in the U.S. attracted $335 million in inflows this week, Ethereum ETFs saw outflows of around $23 million, according to SoSoValue data. This means that while traders are selling ETH-linked funds, long-term whales are buying real ETH instead.
Solana and Bitcoin Moves
In contrast, one Solana whale has been selling heavily. A wallet that held SOL for four years sent 515,000 SOL (worth about $93 million) to Binance in recent months. The address still holds 828,000 SOL, worth around $150 million, data from EmberCN shows.
Meanwhile, a Bitcoin whale closed a short position, making $835,000 in profit a sign that BTC might be nearing a market bottom.
The Bigger Picture
The market remains quiet, with Bitcoin trading in a narrow range. But large investors are moving funds strategically rotating capital from Solana and Bitcoin into Ethereum. This shift may mark the early signs of renewed institutional confidence in ETH’s long-term value.
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