Whale Purchases $34M Worth of Ethereum
- Whale buys $34M in ETH, affecting Binance liquidity.
- SharpLink Gaming suspected as recent major buyer.
- ETH price rallies amid increased whale accumulation.
A large purchase of $34 million in Ethereum (8,109 ETH at $4,193 each) by wallet 0x3684 has been confirmed. This acquisition, tracked by on-chain analysts, follows previous significant purchases totaling 21,571 ETH worth $84 million.
The transaction could pressure ETH prices upward and suggest continued bullish momentum. The $34 million purchase from Binance highlights significant interest from unknown players, influencing market dynamics owing to reduced exchange liquidity.
A whale executed a $34M Ethereum purchase, equating to 8,109 ETH at $4,193. The transaction was conducted by wallet 0x3684, a known player with a history of large ETH acquisitions .
The wallet, possibly linked to SharpLink Gaming, has aggressively acquired ETH recently. This activity has drawn attention due to its potential market implications.
The purchase affects ETH liquidity on Binance, as the withdrawal reduces available ETH on the platform. Market dynamics may shift, supporting ETH price increases as supply tightens.
No regulatory body, including the SEC or CFTC, has issued updates. The continuous acquisition by whales indicates strong confidence in Ethereum’s future prospects.
Analysts observe correlation between whale activity and price trends, suggesting a potential rally. Prior patterns include significant ETH acquisitions, often followed by upward price adjustments.
Arthur Hayes, Former CEO, BitMEX, stated, “I had to buy back all the ETH and vowed never to stop taking profits again” ( source ).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum's Whale Accumulation and Institutional Inflows Signal a $7,000+ Breakout
- Ethereum's whale/institutional accumulation removes 200,000 ETH ($946M) from exchanges, signaling supply squeeze and $7,000+ breakout potential. - Corporate treasuries now hold 4M ETH ($17.5B) while staking locks 35M ETH, with ETF inflows ($13B Q2 2025) outpacing Bitcoin's. - Bull flag pattern forms at $4,730 with MFI 83.10 and MACD bullish, aligning with 2020/2023 cycle bottoms and $7,500+ price targets. - Dovish Fed policy and 1.32% annual burn rate reinforce Ethereum's deflationary appeal, with 22% su
XRP's $1B CME Open Interest: A Catalyst for Institutional Adoption and ETF Approval
- XRP's $1B CME futures open interest marks unprecedented institutional adoption, surpassing Bitcoin/Ethereum's multi-year growth in three months. - SEC's 2025 ruling confirming XRP is not a security cleared regulatory hurdles, enabling ETF applications from Grayscale, Bitwise, and 21Shares. - October 2025 ETF decisions could trigger $5-8B inflows, potentially pushing XRP to $10-$15 as institutional demand mirrors Bitcoin's ETF success. - Ripple's RLUSD stablecoin, Gemini-backed credit card, and $500M Gemi
Institutional Buying Pressure and Ethereum's Long-Term Value: Decoding OTC Whale Activity as a Leading Indicator for Institutional Adoption and Price
- Institutional OTC whale activity reveals $456.8M Ethereum accumulation, with $2.55B staked to reduce circulating supply and boost price. - Ethereum outpaces Bitcoin in institutional adoption, absorbing 4.9% of supply via corporate treasuries and ETFs ($27.66B AUM by Q3 2025). - Regulatory clarity (CLARITY Act) and 3% staking yields drive institutional rebalancing, contrasting Bitcoin's $1.1B ETF outflows in August 2025. - Ethereum's 8.3% institutional ownership and price resilience during corrections sig
Lantronix’s Q4 2025 Earnings Call: A Pivotal Moment for Industrial IoT Adoption?
- Lantronix navigates IIoT market challenges with strategic bets on Edge AI, defense, and 5G infrastructure amid a projected $1.1 trillion industry growth by 2028. - Key partnerships include a Tier-1 U.S. wireless operator for 50,000 cell site power management and Red Cat’s Teal Drones for U.S. Army-compliant hardware. - Product launches like NTC-500 5G routers and Edge AI-enabled robotics solutions align with $300B automation opportunities, though Q4 revenue growth was mixed with a 41% IoT segment decline
Trending news
MoreCrypto prices
More
