Ethereum Whales Go on Buying Spree: Alameda Drops $32.1K in Single Trade

Big money’s betting big on ETH again—Alameda Research just snapped up a $32,100 chunk in one swoop. Whale activity spikes as institutional players double down.

Behind the buy: The move comes amid whispers of renewed institutional interest in Ethereum, despite the SEC’s best efforts to pretend crypto doesn’t exist. Alameda’s purchase follows a pattern of accumulation by deep-pocketed investors—because nothing says ’trust the system’ like hedge funds playing with decentralized money.

Market impact: Watch for ripple effects. When whales feed, altcoins often follow. Just don’t expect Wall Street to admit they’re copying crypto traders this time.

Ethereum Whale Buys, Alameda Activity, And Market Sentiment Shift

Nearly 1 Million ETH Withdrawn from Exchanges

This massive whale activity represents an incredible shift from 18,015,519 ETH to 17,097,203 ETH stored on exchanges between April 6 and May 13.

Cryptocurrency analyst Ali Charts noted in his analysis:

Nearly 1 million #Ethereum $ETH have been withdrawn from exchanges in the past month! pic.twitter.com/dOypSQXgsA

The dramatic reduction in exchange supply coincided with ETH whales loading up as Ethereum’s price ROSE from $1,579 to $2,679 on May 13, and many investors are taking notice of this trend.

Alameda Capital Returns with Strategic Buys

Transaction records reveal Alameda Capital making strategic ethereum purchases right now. Multiple transactions show Alameda engaging with “Hot Wallet” addresses on Binance, with several purchases exceeding 4 ETH per transaction and additional smaller buys as well.

One notable transaction shows 4.985 ETH ($11,840) being transferred to Alameda Capital Management. These movements represent a significant shift in institutional sentiment toward Ethereum’s price potential, and many analysts are discussing the implications.

ETH Price Indicators Signal Bull Run

Michael van de Poppe reminded the crypto community about Ethereum’s market cycles, writing:

A gentle reminder that the previous bottom for $ETH was in September ’19.

After that, a bull market of 826 days took place.

Right now, $ETH has likely bottomed some weeks ago.

That’s just 21 days behind us, that doesn’t mean we’ll end the bull in the next 50 days. pic.twitter.com/FkWtNxx7D1

Van de Poppe further noted:

His analysis suggests ETH whales loading up now is similar to previous accumulation phases that preceded extended bull markets, and investors are paying close attention to these patterns.

ETF Activity Confirms Whale Transactions

Institutional investment in the form of spot Ethereum ETFs also adds to accumulation of whale. 1,139 ETH went into F Ethereum ETF and about 866 ETH was added to Invesco Galaxy Ethereum ETF on May 14. But, on Wednesday, Grayscale Ethereum Trust ETF had an outflow of 3,983 ETH. These combined flows draw multiple institutional views concerning the movements of Ethereum in the current market.

Market Outlook Despite Volatility

Although Ethereum corrected 6.33% to $2,533 after hitting $2,700, the Core whale accumulation phenomenon is in place. ETH whales that are loading up as the crypto market sentiment is also improving suggest that wealthy holders this time around remain strongly convinced.

The outflow of almost a million ETH from exchanges usually means that money will be held long-term rather than sold off immediately. Despite the short-term fluctuations and occasional market spikes, the price outlook of Ethereum becomes more optimistic with Alameda Capital returning to the Ethereum purchase trade.