Over the past 24 hours, three major crypto whales have purchased a combined 23,000 ETH, taking advantage of recent market dips. According to data from Lookonchain, which references analytics by spotonchain, these wallets are actively accumulating Ethereum amid a short-term correction.
Here’s a breakdown of the transactions:
- Wallet 0x395 withdrew 12,000 ETH from Binance about 18 hours ago at an average price of $3,854, worth roughly $46.3 million. This address now holds 67,981 ETH, or around $264 million in total.
- Wallet 0x86E, a new whale, removed 8,491 ETH from OKX roughly five hours ago, at a price of $3,824 — valued at about $32.5 million.
- RadiantCapital hacker converted 9.7 million DAI into 2,550 WETH across three wallets at an average price of $3,803, later mixing the assets through Tornado Cash.
This wave of accumulation signals growing whale confidence in Ethereum’s long-term potential, even as the market remains volatile. Analysts interpret these moves as a bullish sign and a potential indicator of price stabilization at current levels.
At press time, ETH trades near $3,900, according to TradingView data from the Binance ETH/USDT chart.
Back in September 2025, two long-dormant whale addresses from 2018 moved 200,000 ETH (then worth over $785 million) to new wallets — a sign of renewed large-holder activity in the Ethereum ecosystem.
Top Public Ethereum Holders
According to CoinGecko, BitMine Immersion Technologies remains the largest public Ethereum holder, with 3.24 million ETH (approximately $12.6 billion).
In early October, BitMine added another 23,823 ETH (about $104 million) to its reserves, further strengthening its position.
The second-largest public holder is SharpLink Gaming, which controls 859,853 ETH. In a recent report, Citizens Bank projected over 200% growth in SharpLink’s stock, describing it as “the new Ethereum treasury,” citing its expanding presence in the Ethereum ecosystem.
Citizens analysts expect ETH to surpass $7,000 by 2026 and potentially exceed $20,000 by 2030, driving valuation growth for corporate holders of the asset.
Meanwhile, Bit Digital, the third-largest holder with 150,244 ETH, recently announced plans to issue $100 million in convertible bonds to support its Ethereum-focused strategy — shifting from its previous focus on Bitcoin mining.
