Ethereum whales are becoming more active, with the daily number of large transactions exceeding 10,000—a level not seen since August.
Ethereum whales are waking up, with the daily count of large transactions surpassing 10,000—the highest level since August. pic.twitter.com/xpnaMz5vHk
— IntoTheBlock (@intotheblock) November 14, 2024
One notable whale, who acquired 24,957 ETH in early 2017 at an average price of just $10.35, has recently re-entered the market after three years. This individual transferred 6,250 ETH, worth approximately $20 million, to Kraken.
ETH 这源源不绝的拖后腿的老鲸鱼们哟😂
喏，又是出货的老鲸鱼：一个在 2017 年初以 $10.35 的均价囤积 24,957 枚 ETH 的鲸鱼，时隔 3 年再次出售 ETH。他在 30 分钟前将 6,250 枚 ETH ($20M) 转进 Kraken。他目前还持有 14,722 枚的 ETH ($47.39M)。https://t.co/Hw64NTn9t3
话说，像参与 ETH ICO… pic.twitter.com/8QgrImjhjK
— 余烬 (@EmberCN) November 14, 2024
Meanwhile, two other whales made significant moves today, each depositing 5,643 ETH, totaling $36 million, into Binance, according to data from Lookonchain. These actions reflect a growing wave of activity among major Ethereum holders, which could signal shifts in market sentiment.
2 whales deposited 11,286 $ETH($36M) to #Binance 20 minutes ago.
Address:https://t.co/jMvAKPQXIPhttps://t.co/bHktmoqIeK pic.twitter.com/3r3P00yvpX
— Lookonchain (@lookonchain) November 14, 2024
Ethereum Spot ETFs Recorded Massive Inflows
In addition to these large transactions, the Ethereum spot ETF has seen a remarkable influx of capital. On November 13, the fund recorded a total net inflow of $147 million, marking its sixth consecutive day of positive inflows. Among the standout performers was the Fidelity Ethereum ETF (FETH), which led the pack with a single-day net inflow of $102 million.
On November 13, the Ethereum spot ETF had a total net inflow of $147 million, recording net inflows for 6 consecutive days. Fidelity ETF FETH ranked first with a single-day net inflow of $102 million. https://t.co/Tvs2oCSxTg pic.twitter.com/c5kaYPJ6bv
— Wu Blockchain (@WuBlockchain) November 14, 2024
These developments suggest a renewed interest in Ethereum, both from institutional players and large investors. The surge in whale activity and the continued growth of Ethereum-focused ETFs indicate a bullish outlook for the network, despite broader market volatility. As Ethereum whales continue to make moves, all eyes will be on how these shifts affect the price and market sentiment in the coming weeks.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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