How Crypto Whales are Reacting to Ethereum’s Rally and All-Time High Optimism
The post How Crypto Whales are Reacting to Ethereum’s Rally and All-Time High Optimism appeared on BitcoinEthereumNews.com.
Ethereum (ETH) has surged to its highest level in nearly four years, sitting just 13.5% below its all-time high. The renewed momentum has sparked mixed activity among crypto whales, with some accumulating in anticipation of further gains while others lock in profits as the market edges toward record territory. Crypto Whales Flip Bullish as Ethereum Closes in on Record Price Yesterday, BeInCrypto reported that ETH broke past $4,000 after 8 months. Since this milestone, the uptrend has continued to accelerate. The second-largest cryptocurrency reached $4,331 during early Asian trading hours today, a level last seen in December 2021. At press time, the price had adjusted to $4,229.45, representing an appreciation of 1.45% over the past day. Ethereum Price Performance. Source: BeInCrypto Markets With the price only $648 shy of the November 2021 record peak of $4,878, Ethereum whales are adjusting their positions. On-chain data indicates a mixed response among whales. In an X (formerly Twitter) post, Lookonchain highlighted that some big players are moving large amounts of capital into Ethereum. A whale with wallet address 0xF436 withdrew 17,655 ETH worth $72.7 million from exchanges. The blockchain analytics firm added that the whale might be acting on behalf of SharpLink Gaming. Another whale, wallet 0x3684, spent 34 million Tether (USDT) to buy 8,109 ETH at $4,193 each. What’s noteworthy is that Ethereum’s latest rally has drawn back players who had previously sold their holdings, prompting them to switch sides. Lookonchain noted that in early August, Arthur Hayes, Maelstrom’s Chief Investment Officer (CIO), sold 2,373 ETH worth $8.32 million. At the time, ETH was priced around $3,507. Yesterday, he transferred 10.5 million USDC (USDC) to repurchase ETH, this time at a higher price. “Had to buy it all back, do you forgive me @fundstrat? I pinky swear, I’ll never take profit again,”…
Filed under: News - @ August 10, 2025 10:26 am