Altcoins News
By Dan Saada
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Who Is This Ethereum Whale?. This Ethereum “whale” is a holder of 1 million ETH from the 2015 ICO.
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How Did the Market React?. Shortly after the transfer, ETH’s price was around $2,530, and traders quickly responded.
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What Do the Charts Say?. Looking at the technical data, Ethereum's Relative Strength Index (RSI) was at 48 on the 4-hour…
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Stock Market Connection. Interestingly, the stock market is also under pressure.
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What Should Traders Watch?. For short-term traders, this whale’s behavior is a clear warning.
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Final Thoughts. Whale activity in crypto is always important, and this recent Ethereum sell-off is no exception.
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A well-known Ethereum whale, who bought ETH during its initial coin offering (ICO) at just $0.31 per coin, recently deposited 991.67 ETH, worth around $2.
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This isn’t an isolated event. Since May 26, 2025, the same whale has sold over 9,845 ETH, valued at $25.23 million in total.
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This Ethereum “whale” is a holder of 1 million ETH from the 2015 ICO. With such a low entry price of $0.
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These large-scale deposits and potential sales are significant because they can move the market.
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Shortly after the transfer, ETH’s price was around $2,530, and traders quickly responded. According to OKX data, trading volume for ETH/USD and ETH/BTC pairs increased by 12%…
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At the same time, altcoins linked closely with Ethereum also saw small drops. Polygon (MATIC) fell by 1.5%, and Arbitrum (ARB) slipped 2.3%.
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Meanwhile, Bitcoin (BTC) stayed stable at $69,000, hinting that some investors may be shifting funds from ETH to BTC during this uncertain time.
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The 50-day moving average sits at $2,550, which is acting as resistance. Support is seen at around $2,480. If ETH falls below this, more downward pressure could follow.
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Also, on-chain data shows a 15% increase in ETH inflow to exchanges in the last 24 hours. This means more people—possibly including other whales—are sending ETH to exchanges,…
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