Here’s the current ETH price and recent whale activity:
Ethereum (ETH)$2,529.20-$168.63(-6.25%)Today1D5D1M6MYTD1Y5Ymax
🐋 Massive Whale Purchase Today
A whale has recently scooped up 48,825 ETH—at an average price of $2,605—across Coinbase and Wintermute, totaling around $127 million. The buy occurred amid a broader market dip and took place over the past 6–8 hours, signaling strong confidence during volatility coinedition.com+15phemex.com+15ambcrypto.com+15reddit.com+1reddit.com+1.
This purchase aligns with on-chain signal evidence—a “bold dip buy”—highlighted by both Phemex and AInvest reporting the same $127 million accumulation over approximately six hours coinedition.com+4phemex.com+4reddit.com+4.
Reddit users in r/ethtrader also noted this whale’s move:
“a crypto whale purchased 48,825 ETH worth $127 million at an average price of $2,605, signaling confidence in the asset’s long‑term value.” coingape.com+11reddit.com+11reddit.com+11
Additional whale action today: A different whale bought 16,500 ETH for about $46.4 million at $2,818, after previously selling high—demonstrating conviction or potentially FOMO cointelegraph.com+10ambcrypto.com+10reddit.com+10
🔍 Analysis & Context
These whale purchases come during a market dip (ETH fell ~13% intraday), suggesting they are “buying the dip” and signaling bullish outlooks or at least a strong belief in long-term upside phemex.com+1reddit.com+1.
On-chain metrics show large outflows from exchanges—over 140k ETH (~$393M)—shipping to cold storage, which is a classic sign of accumulation and reduced sell pressure coingape.com+4ambcrypto.com+4blockchain.news+4
Other large-scale accumulations have been spotted in recent weeks/months, including a $100M buy of 46,577 only ETH, a $5.7M buy of 3,030 ETH (now at slight unrealized loss), and a $100M accumulation over a two-month span reddit.comcoinedition.com+5ainvest.com+5blockchain.news+5blockchain.news+1ccn.com+1.
✅ Takeaway
Yes, a whale just bought roughly $127 million worth of ETH (~48,800 ETH) in the last several hours—one of the largest single-day buys
This is happening alongside broader on-chain trends: large withdrawals from exchanges, multiple whales accumulating, and investors showing increased conviction—possibly driving ETH toward its short-term range (~$2,600–$3,000+) and setting up momentum toward $3,200+ if those levels hold themarketperiodical.com+4reddit.com+4reddit.com+4coinspeaker.com+2ambcrypto.com+2coingape.com+2reddit.com+2dlnews.com+2coindesk.com+2.
However, near-term pullbacks are still possible, and while whales can move markets, their actions don’t guarantee price increases. Always consider volatility and manage risk.
