The market is witnessing natural capital rotation: whales locking in profits from Bitcoin to buy Ether and altcoins, despite the Ethereum staking withdrawal queue reaching a record, while ESG tokenization and the memecoin wave show two opposing extremes of cryptocurrency.
Large cash flows into Ether, validator withdrawal pressures, and tokenization stories, memecoins, DEX depict a week of volatile DeFi. On-chain data and expert opinions show that risk-reward opportunities are distinctly separating between core infrastructure and short-term speculation.
MAIN CONTENT
Whales are rotating from Bitcoin to Ether: 9 addresses bought 456 million USD ETH; one investor converted 2.59 billion USD BTC into 2.2 billion USD spot ETH and 577 million USD long perps.
Ethereum sets a record withdrawal queue of over 1 million ETH, worth 4.96 billion USD, increasing the waiting time to 18 days, 16 hours, but is seen as a healthy market dynamic.
ESG tokenization: 32 billion USD ERA tokenized, preventing 394 million tons of CO₂; YZY memecoin caused over 51,800 traders to lose, in contrast to Hyperliquid's projected growth of 126 times.
Why are whales rotating capital from Bitcoin to Ether?
Large investors are locking in profits from Bitcoin's rally to seek opportunities in Ether and altcoins with higher growth potential, reflecting the market's 'natural rotation.'
Arkham data shows that 9 large addresses cumulatively bought 456 million USD ETH from BitGo and Galaxy Digital. Meanwhile, Cointelegraph reported that a whale of approximately 11 billion USD rotated 2.59 billion USD BTC into 2.2 billion USD spot ETH and opened a 577 million USD perpetual long position, realizing a profit of 33 million USD.
This trend often appears when Bitcoin leads, then cash flows shift to higher beta assets. Ether benefits from its foundational application position, deep liquidity, and expectations of institutional cash flows.
Where does the Ether buying volume from whales come from and what does it mean?
The large volume comes from custodial service providers and institutions, reinforcing the signal of intentional accumulation rather than retail small-scale trading.
Arkham specifically named BitGo and Galaxy Digital as the providers for the 9 'massive' wallets. When the buying flow comes from custodial institutions, the likelihood of medium-to-long-term holding increases, helping to reduce short-term sell-off volatility. This aligns with the context of Ether having strong 'mindshare' from Ether treasury companies.
Ethereum's exit queue reaches a record of 1 million ETH: what is happening?
More than 1 million ETH, equivalent to 4.96 billion USD, is waiting to leave staking, pushing the waiting time to a record of 18 days, 16 hours according to validatorqueue.com.
This is the largest validator 'exodus' in Ethereum PoS history. Mechanically, the withdrawal queue ensures network safety and limits exit speeds. Although it does not mean all will sell, the 72% increase in ETH over 3 months makes it reasonable for some to want to realize profits.
However, some experts view this as a healthy development, as institutional cash flows can absorb potential selling pressure, helping to rebalance the staking ecosystem.
"The queue reaching 1 million ETH reflects a healthier market dynamic rather than a worrying signal. The important thing is that these exits are still 'small' compared to the institutional demand flowing into Ethereum."
– Marcin Kazmierczak, co-founder of RedStone Oracle, told Cointelegraph, 2025
Does a long exit queue increase dangerous selling pressure?
There is selling pressure but it is not uniform; institutional capital flows and public vehicles can absorb most of it.
Looking back at the history after Shanghai/Capella, major withdrawal events are often accompanied by restaking, provider switching, or only selling a portion. As demand from businesses, funds, and public products increases, supply pressure is 'dispersed.' Investors should monitor net withdrawal rates, ETH inflows to exchanges, and network fees to assess real risk.
Blockchain tokenization helps prevent 394 million tons of CO₂: where does this number come from?
Arx Veritas and Blubird have tokenized 32 billion USD of Emission Reduction Assets (ERA) on the Redbelly Network, preventing 394 million tons of CO₂.
The ERAs include capped oil wells and restricted coal mines, converted into avoided emissions from extraction, transport, burning coal, along with pollution from abandoned oil wells. According to the announcement shared with Cointelegraph, this is the largest ESG tokenization effort to date in the digital asset sector.
To visualize, 394 million tons of CO₂ is equivalent to nearly 395 million round trips from New York to London, 986 billion miles driven by cars, or 105 times the annual CO₂ emissions of Iceland.
Why is the 32 billion USD ESG tokenization noteworthy?
Institutional demand for tokenized ESG assets is strong, with over 500 million USD in transactions being negotiated and a large deal about to close, according to Blubird.
Tokenization helps standardize ownership, transparently track impacts, and open funding channels for sustainable projects. This perspective aligns with the trend of digitizing capital markets, as organizations seek reliable, audited ESG tools, 24/7 trading, reduced costs, and increased liquidity for environmental assets.
"The next generation of the market is tokenizing every financial asset. This will bring immediate efficiency to the market."
– Larry Fink, CEO of BlackRock, New York Times DealBook Summit, 2022
Lessons from Kanye West's YZY memecoin: who profits, who loses?
More than 51,800 out of 70,200 YZY traders lost; only 11 wallets gained over 1 million USD, according to Bubblemaps.
YZY launched on Solana on August 21, rising 1,400% in the first hour before dropping more than 80%. Three traders lost over 1 million USD. To date, the price has dropped more than 80% from its peak, down to 0.5515 USD, with 19,531 addresses holding according to Nansen. Even the famous trader Andrew Tate, when opening a 3x short, recorded a loss of 700,000 USD on an account related to Hyperliquid.
Celebrity memecoins often lack technological value and do not generate intrinsic cash flow, relying on crowd sentiment and short-term liquidity. Risk allocation, discipline in cutting losses, and avoiding FOMO are crucial.
What are the risks when trading celebrity Tokens?
The main risks include concentrated distribution, price manipulation, thin liquidity, and asymmetric information.
Pump-and-dump models are likely to occur when a few wallets hold a large proportion. Thin liquidity leads to high price drops and makes it difficult to exit positions. Additionally, promotional claims can be vague, lacking legal commitment, increasing legal risks and financial losses for retail investors.
Why did Hyperliquid rise when Arthur Hayes forecasted a 126x increase?
HYPE increased nearly 4% in 24 hours, reaching 45.64 USD, as Arthur Hayes expects the Token to increase 126 times in 3 years due to stablecoin expansion driving annual fees up to 258 billion USD from 1.2 billion USD.
Hyperliquid is a derivatives DEX for perpetual contracts, allowing leverage without owning the underlying asset. Hayes' argument is based on the assumption that stablecoins will thrive, pulling derivative volumes and protocol fees to increase exponentially. However, this is an optimistic and non-guaranteed forecast; investors need to consider pricing, allocation, and execution risks.
In the context where most of the top 100 Tokens by market capitalization are declining, the upward trend of HYPE indicates that the market is still responding to the growth story of revenue-generating infrastructures and network effects.
What does the overview of DeFi last week show?
Most of the top 100 closed the week in red; OKB fell more than 25% and AERO fell more than 15% are the two most negative names.
This reflects short-term defensive sentiment, although the flow of macro stories including rotation to altcoins, withdrawal pressures, and ESG tokenization remains a bright spot. Total Value Locked (TVL) should be monitored along with the inflow/outflow of investment products to assess medium-term trends.
Summary table of prominent figures for the week
The numbers below are aggregated from Arkham, validatorqueue.com, Bubblemaps, Nansen, and Cointelegraph information.
Key Data Topic Source Whales buying Ether 9 wallets bought 456 million USD ETH from BitGo, Galaxy Digital Arkham (X) BTC rotation → ETH 2.59 billion USD BTC → 2.2 billion USD spot ETH + 577 million USD long; profit of 33 million USD Cointelegraph Ethereum exit queue >1 million ETH, 4.96 billion USD; waiting time 18 days, 16 hours validatorqueue.com ESG tokenization 32 billion USD ERA; 394 million tons of CO₂ prevented Arx Veritas, Blubird YZY memecoin 51,800/70,200 wallets lost; 11 wallets gained >1 million USD; price down to 0.5515 USD Bubblemaps, Nansen Hyperliquid (HYPE) Increased ~4% to 45.64 USD; forecasted 126x in 3 years WebX 2025, Cointelegraph DeFi market OKB -25% weekly; AERO -15% weekly Cointelegraph Markets Pro, TradingView
Frequently Asked Questions
What is a whale and how does it affect the price of Ether?
Whales are addresses holding large volumes. They can create significant buying/selling pressure, leading market expectations. Large ETH inflows from big wallets often improve liquidity and accumulation sentiment.
What does an exit queue of 18 days, 16 hours mean?
This is the estimated time for validators to exit staking under the exit limit mechanism. A long exit queue indicates increased demand to exit, but it does not mean all ETH will be sold.
What is ESG tokenization?
It is the process of bringing environmental-related assets – such as carbon credits, ERA – onto the blockchain in the form of Tokens, helping to provide transparency, track impacts, and trade more efficiently.
Is investing in celebrity memecoins worth it?
Risk is very high due to lack of technological value, dependence on sentiment, and liquidity. It is necessary to limit small proportions, manage risks tightly, and avoid FOMO.
What is Hyperliquid and why is it gaining attention?
It is a derivatives DEX for perpetual contracts. Notably recognized for revenue growth and the expectation of stablecoin expansion, although high profit forecasts always come with execution risks.
Source: https://tintucbitcoin.com/ca-voi-btc-mua-ether-ke-rut/
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