Recent activity shows Ethereum whales making significant purchases of ETH, including large transactions from wallets 0xDdb4 and 0xf84d, accumulating over $7 million in just two hours. The buying approach appears deliberate and strategic, with no signs of speculation. A new wallet, 0x69D0, also surfaced, withdrawing 2,250 ETH from Binance, adding to the intrigue of this renewed whale interest in Ethereum.
In a sudden and significant shift in the market, Ethereum whales have emerged once again, making a series of notable purchases. Over the past two hours, several high-value trades have occurred, reflecting a renewed interest that is neither loud nor flashy, but decidedly deliberate. These transactions have unfolded across both DeFi platforms and centralised exchanges, and they seem to be less about speculation and more about strategic capital rotations into Ethereum.
One of the standout transactions involved wallet 0xDdb4, which is active in Aave lending markets. This wallet borrowed an impressive $3.44 million USDC and swiftly used the funds to acquire 1,856 ETH. The purchase, made via Uniswap and other known over-the-counter addresses, appears clean with no signs of speculative behaviour. It hints at a well-considered strategy of moving capital into Ethereum.
In a similar vein, wallet 0xf84d followed up with its own set of transactions. It borrowed $1.64 million USDC from Aave but ultimately spent more, about $2.34 million USDC, to get 1,259 ETH. This suggests a bit of extra liquidity at their disposal or that they might have had stablecoin reserves before the purchase.
The activity drew attention from observers, with accounts like Lookonchain highlighting these movements. They noted that 0xDdb4 borrowed $3.44 million to acquire 1,856 ETH and 0xf84d’s striking purchase as well. Both wallets moved within a remarkably short timeframe and targeted similar price levels in Ethereum, using standard DeFi pathways.
Additionally, an intriguing development is the emergence of a new wallet, 0x69D0, which withdrew 2,250 ETH (approximately $4.12 million) from Binance. Notably, this wallet has no history of prior transfers or swaps, presenting a clean profile for such a significant transaction. While the intent behind this transfer remains unclear, the timing and scale are striking.
When all is tallied, these activities have seen more than $7 million in ETH amassed across three wallets during this brief window. These funds are not associated with any known institutional desks or labelled funds, yet their volume suggests a clear, high-conviction investment strategy. As whales re-enter the market, all eyes will be on how this impacts Ethereum’s price trajectory in the coming days.
