Ethereum Rockets as Crypto Whales Dump $4.82M Into ETH—Bull Run Incoming?
Ethereum's price charts are printing green dildos as deep-pocketed investors make their move. A single $4.82 million buy order just hit the books—the kind of whale activity that typically precedes major volatility.
Market movers flex their muscles
While retail traders were busy staring at memecoins, institutional players quietly accumulated ETH at levels that could soon look like a bargain. The timing coincides with Ethereum's upcoming protocol upgrade—because nothing pumps a crypto like devs pretending to solve scalability for the 47th time.
Liquidity tsunami ahead?
This injection could be the leading edge of a larger trend. Exchange order books show thin resistance up to $3,500, meaning this whale splash might just be the first ripple in a coming wave. Of course, in crypto, 'smart money' often just means 'slightly less dumb money.'
- Ethereum whales aggressively accumulated $4.82 million in ETH, with SharpLink buying 1,989 ETH recently.
- Ethereum’s daily transactions hit 1.75 million, the third-highest ever, driven by DeFi and Layer 2 activity.
- Positive Binance funding rates signal leveraged longs but increase the risks of volatility and rapid price corrections.
Ethereum (ETH) is currently experiencing a notable surge in whale and institutional buying activity, signaling renewed investor confidence in the asset. Lookonchain data reveals that large-scale players are accumulating ETH aggressively, with prices holding steady above $2,400.
SharpLink Gaming has reinforced its ethereum investment, having previously purchased 188,478 ETH worth $473.6 million at $2,513 per token. In a fresh move just five hours ago, the firm acquired an additional 1,989 ETH through an over-the-counter (OTC) transaction, spending nearly $4.82 million to expand its crypto exposure.
Whales and institutions are still buying $ETH!
SharpLink Gaming, which previously announced a purchase of 188,478 $ETH($473.6M) at $2,513, bought another 1,989 $ETH($4.82M) via OTC 5 hours ago.
Meanwhile, whale 0x1fc7, who bought and staked 3,201 $ETH($8.1M) a week ago, bought… pic.twitter.com/nwzSsFyRfA
Similarly, whale wallet 0x1fc7 resumed buying with another 1,888 ETH added for $4.56 million. This follows a recent purchase of 3,201 ETH worth $8.1 million. All holdings have been staked, reinforcing the belief that these participants are betting on Ether’s long-term performance and passive income through staking rewards.
Ethereum Activity Increases Amid $2,100–$2,880 Range
Beyond accumulation, Ethereum’s network fundamentals are improving. According to CryptoQuant analyst Carmelo Aleman, Ethereum recently recorded 1,750,940 confirmed transactions in a day, the third-highest in its history.
Aleman attributes the transaction surge to rising DeFi usage, arbitrage activity, and interaction with Layer 2 networks like Arbitrum and Optimism. These platforms continue to capture massive transaction volumes, suggesting Ether’s infrastructure remains central to the broader blockchain ecosystem despite recent price stagnation between $2,100 and $2,880.
Despite the bullish on-chain signals, analysts still see some dangers. Amr Taha on CryptoQuant has noticed that the rates of funds deposited on the Binance stock exchange have become positive, indicating an intense rise in Leveraged long positions. While this implies traders expect further gains, it also introduces potential for volatility and rapid corrections.
According to Taha, ETH has come back to the range of a short-squeeze, where shorts got out of their positions and forced a temporary price uptick. However, speculative energy tends to fade quickly. Additionally, over 177,000 ETH were deposited on Binance within three days, hinting at potential sell pressure or strategic repositioning.
