Whales are accumulating ETH, withdrawing millions from top crypto exchanges.
Ethereum remains in a downtrend, consolidating between key support levels.
The upcoming upgrade is expected to correct the inflationary side-effects.
Despite bearish price action and a shaky market outlook, Ethereum is quietly finding its way back into the hands of crypto whales.
While prices are slipping and technical indicators point to a downward trend, major wallets have been quietly scooping up ETH in large amounts – a move that has analysts asking: what do they know that we don’t?
Whales are accumulating $ETH!
A wallet linked to Metalpha has withdrawn 29,000 $ETH($48.73M) from #Binance since Apr 1.
0xd81E has withdrawn 46,577 $ETH($97.26M) from #Gateio since Feb 15.
0x6034 has withdrawn 10,091 $ETH($18.8M) from #Bybit since Mar 12.… pic.twitter.com/yUXpsLTjQm
— Lookonchain (@lookonchain) April 18, 2025
On-chain data provider Lookonchain highlighted several large ETH withdrawals from exchanges. An address linked to Metalpha moved nearly 29,000 ETH (approx. $48.7M) from Binance since April 1. Separately, over 46,500 ETH left Gate.io via one wallet since mid-February, a…
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