Crypto Whale Gobbles Up $40M in Ethereum—Bullish Accumulation Goes Parabolic

A single Ethereum whale just dropped $40 million into ETH—signaling a potential buying frenzy among big players.

Why this matters: When whales accumulate, retail traders scramble. The move comes as Ethereum flirts with key resistance levels, and institutional interest quietly creeps back into crypto.

The cynical take: Wall Street still can’t decide if crypto is ‘digital gold’ or a ‘speculative asset’—but meanwhile, smart money keeps stacking.

A new whale withdrew 11,370 ETH worth $40 million from Coinbase Prime at an average price of $3,811, turning a quick $400,000 profit. This purchase adds to growing whale activity, with over $2.38 billion in ETH accumulated since early July. Analysts see rising institutional demand and notable spot ETF inflows as drivers behind this surge, signaling increased confidence in Ethereum’s outlook and potential upcoming market catalysts.