Ethereum Whale Moves $313 Million to Coinbase: Is a Major Sell-Off Imminent?
A significant ethereum transfer of 113,000 ETH, worth approximately $313 million, has been deposited into Coinbase, raising concerns about a potential large-scale sell-off. The transaction, identified by Lookonchain, originated from a dormant whale wallet, sparking fears of market volatility as Ethereum futures open interest hits a record $29 billion amid heightened speculative activity.
Is the $313 Million Ether Transfer to Coinbase Signaling Major Sell-Off?
A massive Ethereum transfer of 113,000 ETH, valued at approximately $313 million, has been deposited into Coinbase, sparking fears of a potential market dump. The transaction, flagged by Lookonchain, originated from a dormant whale wallet, raising concerns about large sell orders amid record-high leverage in ETH futures markets.
Ethereum futures open interest has surged past $29 billion, driven by speculative activity and stablecoin-backed contracts. Retail trader participation in derivatives is also climbing, adding volatility to an already tense market. Whale movements of this scale often precede significant price action, though the exact intent remains unclear.
Ethereum Price Risks Losing $2,000 Support Amid Technical Breakdown
Ethereum faces mounting pressure as technical indicators signal a potential breakdown below the critical $2,000 support level. The cryptocurrency has officially exited its rising channel formation, erasing weeks of bullish structure. Relative Strength Index readings now hover at oversold levels below 36, confirming bearish momentum across multiple timeframes.
Market analysts identify an imbalance zone between $2,170 and $1,900 as the next likely destination for price discovery. The breakdown coincides with worsening geopolitical tensions that have triggered risk-off sentiment across global markets. Futures positioning data and ETF outflows mirror the deteriorating technical picture, with institutional investors showing increased caution.
Chart analysts note Ethereum's failure to maintain its range low leaves the door open for further downside. While a recovery remains possible, sustained pressure could force a test of lower support levels across the cryptocurrency's technical landscape. The coming sessions will prove decisive in determining whether bulls can regain control or bears will push prices toward deeper correction territory.
Ethereum Co-Founder Foresees Global Dominance for Layer-1 Blockchain
Joseph Lubin, Ethereum co-founder, has articulated a bold vision for Ethereum's Layer-1 blockchain, positioning it as the future backbone of global financial infrastructure. His comments, shared on social media platform X, come in response to the GENIUS Act—a U.S. legislative effort to clarify stablecoin regulations.
Lubin endorsed pro-Ethereum sentiments expressed by BlackRock's digital assets head Robbie Mitchnick, who identified Ethereum as the firm's primary blockchain for tokenization initiatives. The endorsement underscores institutional confidence in Ethereum's technical and governance framework.
The blockchain's permissionless design, censorship resistance, and tamper-evident architecture were highlighted as key differentiators. Lubin asserts these features will propel Ethereum toward becoming the "master ledger for the world," particularly for stablecoins seeking TradFi integration.
FTX Challenges 3AC's $1.53B Claim as 'Unreasonable' in Bankruptcy Court
FTX's legal team has aggressively disputed a $1.53 billion claim from collapsed crypto hedge fund Three Arrows Capital, labeling the demand as baseless and detrimental to legitimate creditors. Court filings reveal FTX's argument that 3AC's losses stemmed from reckless trading—not exchange misconduct—during the 2022 market crash.
The dispute hinges on margin trades gone awry. 3AC allegedly breached collateral requirements after TerraUSD's collapse, then worsened its position by withdrawing $18 million in ETH instead of addressing the shortfall. FTX liquidated the account to recover $82 million, asserting this action was contractually justified.
ETH Surges 9% as Crypto Market Celebrates Trump's Ceasefire Announcement
Ether (ETH) rallied sharply, climbing 8.61% to $2,420 within 24 hours following former U.S. President Donald Trump's unexpected ceasefire announcement between Israel and Iran. The MOVE reversed war-driven market anxiety, igniting bullish sentiment across crypto markets.
Trump's late-night Truth Social post detailed a staged cessation of hostilities, with Iran initiating a 12-hour pause followed by Israel's 24-hour ceasefire. He framed the agreement as averting a prolonged regional conflict, praising both nations for restraint.
The geopolitical de-escalation triggered immediate risk-on flows, particularly benefiting high-beta assets like ETH. On-chain data reveals whales accumulated over $265 million worth of Ether during recent weakness, including one entity purchasing 47,070 ETH - signaling institutional confidence preceding the rally.
Ethereum Staking Hits Record 35M ETH as Supply Squeeze Looms
Ethereum staking has surged to a record 35 million ETH, signaling robust long-term confidence in the network. Over $100 billion is now locked in staking contracts, tightening the circulating supply of ETH and potentially fueling upward price momentum.
The milestone follows a steady accumulation of staked ETH over the past year, with notable increases during periods of market volatility. Institutional players appear to be strategically locking up tokens rather than trading them, underscoring growing conviction in Ethereum's value proposition.
Since transitioning to proof-of-stake in September 2022, Ethereum has seen its security and decentralization strengthen. The network's rising institutional adoption and accessibility continue to drive fundamental improvements.
ETH's price recovery from $1,500 lows to above $3,000 coincides with this staking growth, suggesting a correlation between long-term network participation and asset valuation.
