Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum climbs above $3,900 as Sharplink acquires another 77.2K ETH 

04/08/2025

Tornado Cash Developer Roman Storm Will Not Take the Stand, Lawyers Say

04/08/2025

Polkadot Blockchain Academy Launches Executive Blockchain Governance Course in Asia

04/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin (BTC) up 3,900,000% Since First Ever TV Mention

    04/08/2025

    How Much Profit Would You Make If You Regularly Bought Bitcoin Every Day Since 2022? Here’s It’s in Real Life

    04/08/2025

    ‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore

    04/08/2025

    Record Bitcoin Prices Fail to Spark Search Frenzy, Google Trends Data Shows

    04/08/2025

    Ethereum climbs above $3,900 as Sharplink acquires another 77.2K ETH 

    04/08/2025

    ETH Blasts Past $3,900 As Bulls Eye $4,089 Liquidity Zone

    04/08/2025

    Crypto Whales Are Selling Ethereum but Buying Cardano

    04/08/2025

    Vitalik Buterin Explains How Ethereum Will Reach Millions Without Going Centralized

    04/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    03/08/2025

    Ethereum Collections Lead NFT Sales Today

    03/08/2025

    how NFTs became a global brand and a Web3 “social currency”

    02/08/2025

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    02/08/2025

    Ethereum climbs above $3,900 as Sharplink acquires another 77.2K ETH 

    04/08/2025

    Tornado Cash Developer Roman Storm Will Not Take the Stand, Lawyers Say

    04/08/2025

    Polkadot Blockchain Academy Launches Executive Blockchain Governance Course in Asia

    04/08/2025

    Bitcoin (BTC) up 3,900,000% Since First Ever TV Mention

    04/08/2025
  • Blockchain

    Polkadot Blockchain Academy Launches Executive Blockchain Governance Course in Asia

    04/08/2025

    Stablecoins Speed Up Thanks to ‘AWS of Crypto’ Alchemy’s Latest Upgrade

    04/08/2025

    Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins

    04/08/2025

    Xerpa AI Partners with Aro Network to Boost Decentralized AI Expansion

    04/08/2025

    MistTrack Ignites Crypto Revolution by Expanding to 18 Blockchain Networks with HashKey Chain

    04/08/2025
  • DeFi

    Creative leverage solves the impermanent loss problem — Curve founder

    03/08/2025

    Lido wants to reduce its contributor teams’ workforce by 15%

    03/08/2025

    Spheron Adds Allora for No-Code AI Automation in DeFi

    03/08/2025

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    Chainlink introduces new pricing methodology for DEX-traded assets

    02/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure

    03/08/2025

    Can Trump Fire Fed Chair Jerome Powell—And What Does That Mean For Crypto?

    03/08/2025

    Strategy Reveals Another Stock Offering to Boost $71 Billion Bitcoin Stash

    03/08/2025

    Robinhood CEO Acknowledges OpenAI Crypto Stock ‘Controversy’—But Is Doubling Down

    03/08/2025

    Why Dave Portnoy Fumbled His XRP Bag Before the Boom

    03/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Wallet Launches DEX Pro Mode: Details

    03/08/2025

    Does Kraken’s fundraise value Binance above $100B?

    03/08/2025

    OKX’s $28.8b reserves are flawless. So why are Bitcoin holders fleeing?

    03/08/2025

    Coinbase outlooks are mixed ahead of Q2 earnings

    03/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    The Biggest Games Releasing in August 2025

    03/08/2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    02/08/2025

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    Bitcoin Miners’ Profit Margin Reaches Highest Level in Recent Times – What Does This Mean?

    04/08/2025

    Bitcoin Mining Is Tougher Than Ever — So Why Are Miners Smiling?

    04/08/2025

    Bitcoin mining difficulty hits all-time high

    03/08/2025

    Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving

    03/08/2025

    Tornado Cash Developer Roman Storm Will Not Take the Stand, Lawyers Say

    04/08/2025

    Chinese Exec Jailed for Laundering $19.5M Through Crypto Mixers, Exchanges

    04/08/2025

    Expert Shares Fresh Timeline as SEC Yet To Withdraw Appeal

    04/08/2025

    Hong Kong to begin 6-month transition period for new stablecoin rules

    04/08/2025

    Ethereum climbs above $3,900 as Sharplink acquires another 77.2K ETH 

    04/08/2025

    Tornado Cash Developer Roman Storm Will Not Take the Stand, Lawyers Say

    04/08/2025

    Polkadot Blockchain Academy Launches Executive Blockchain Governance Course in Asia

    04/08/2025

    Bitcoin (BTC) up 3,900,000% Since First Ever TV Mention

    04/08/2025
  • MarketCap
NBTC News
Home»Ethereum»Whales Go on Huge ETH Buying Spree as Price Falls
Ethereum

Whales Go on Huge ETH Buying Spree as Price Falls

NBTCBy NBTC11/04/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


According to data shared by the @lookonchain analytics account, two wallets purchased massive amounts of Ethereum on centralized exchanges a few hours ago and then made large purchases over the last three days.

One of these wallets is suspected to belong to Jihan Wu’s company. In the meantime, while these whales have been grabbing Ethereum to add to their stashes, another massive wallet has made a huge ETH sale on Binance today.

Whales scooping up massive ETH chunks

Lookonchain reported that two whales had accumulated big Ethereum chunks. One of them, the source believes, may be Matrixport – the blockchain company founded by former Bitmain boss Jihan Wu. It was created in 2019 and was his second business venture.

Matrixport’s wallet (presumably) moved 22,251 ETH from crypto exchanges over the past few hours. This amount of Ethereum is evaluated at an impressive $80.06 million. Aside from that, over the last three days, the same wallet has withdrawn 33,925 ETH. This Ethereum lump was worth $122.06 million at the time of the purchases.

Lookonchain also provided the address that it believes to belong to Matrixport: 0xacc74cfaa8ad730194c1828cc179c78d5c08200e.

Whales are accumulating $ETH!

0xACc7(probably #Matrixport) withdrew 22,251 $ETH($80.06M) from exchanges in the past 1 hour and has withdrawn 33,925 $ETH($122.06M) from exchanges in the past 3 days.https://t.co/R43ImnYb5H

Whale”0x4359″ withdrew 3,092 $ETH($11.12M) from #Binance… pic.twitter.com/g3inogSVel

— Lookonchain (@lookonchain) April 11, 2024

The second whale that was spotted buying Ethereum was “0x4359.” It withdrew 3,092 Ethereum (equal to $11.12 million) from the Binance exchange. Within the last three days, it has purchased 24,044 ETH from Binance in total. While these purchases were being made, Etherum printed three consecutive red candles on an hourly chart, pushing down from $3,609 to $3,543.

Anonymous whale dumps millions in ETH

Meanwhile, as the above-mentioned whales accumulated Ethereum, another big wallet has been selling it. The @spotonchain analytics data account has reported that just recently a large ETH whale transferred 9,000 ETH to Binance to sell it at $3,560 per coin. This amount of Ethereum is valued at approximately $32 million.

This was the whale’s biggest single deposit so far tracked by the aforementioned platform. So far, this whale far holds 29,738 ETH worth roughly $106 million, with an approximate total profit amounting to $68.5 million – that constitutes 65% growth.

Massive $ETH whale 0x347 deposited 9,000 $ETH ($32M) to #Binance at $3,560 for profits ~ 30 mins ago.

Notably, this is the whale’s largest $ETH deposit to date.

Currently, the whale still holds 29,738 $ETH (~$106M) with an estimated total profit of $68.5M (+65%)!

Follow… pic.twitter.com/SdTaPdtLdM

— Spot On Chain (@spotonchain) April 11, 2024

After soaring above the $3,720 level on Monday, the second largest cryptocurrency retraced 7.80% by Wednesday. Over the past 24 hours, Ethereum managed to recover 5.16%; however, this gain was followed by the aforementioned 2% decline.


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Ethereum climbs above $3,900 as Sharplink acquires another 77.2K ETH 

04/08/2025

ETH Blasts Past $3,900 As Bulls Eye $4,089 Liquidity Zone

04/08/2025

Crypto Whales Are Selling Ethereum but Buying Cardano

04/08/2025

Vitalik Buterin Explains How Ethereum Will Reach Millions Without Going Centralized

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum climbs above $3,900 as Sharplink acquires another 77.2K ETH 

04/08/2025

Tornado Cash Developer Roman Storm Will Not Take the Stand, Lawyers Say

04/08/2025

Polkadot Blockchain Academy Launches Executive Blockchain Governance Course in Asia

04/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.