Ethereum Whales Go on a Buying Spree During Price Dip – What’s Their Next Big Move?

Ethereum whales are loading up while retail investors panic. The smart money sees opportunity where others see fear—classic.

Why the sudden accumulation? Whales don’t buy without a plan. Whether it's anticipating a major protocol upgrade, institutional inflows, or just playing the market cycles better than your average crypto bro, their moves signal conviction.

Meanwhile, Wall Street still can’t decide if crypto is 'digital gold' or a 'Ponzi scheme.' Some things never change.

TLDR

• Ethereum whales have been buying large amounts of ETH as the price dropped to $3,000.
• One whale accumulated over 385,000 ETH, worth $1.38 billion, in just 10 days.
• The same whale holds $563.9 million in spot ETH and $818.7 million through a loan on AAVE.
• Another whale deposited 83,816 ETH on Aave and borrowed $122.89 million in stablecoins.
• BitMine, the largest corporate holder of Ethereum, added 110,288 ETH to its portfolio last week.

Ethereum whales are taking advantage of the recent price drop to build their positions. Over the past week, the price of ETH price dropped to around $3,000, and large investors are buying in. Arkham Intelligence reported that one whale has accumulated over 385,000 ETH, worth about $1.38 billion.

This ethereum whale has increased its holdings by another $105.36 million in ETH in just one day. The whale currently holds $563.9 million in spot ETH and $818.7 million through a loan position on AAVE.

“The whale has borrowed $270 million in stablecoins from Aave, which could allow it to expand its position further,” Arkham Intelligence added.

Ethereum Whale Borrows $122M to Boost ETH Holdings

Another Ethereum whale has also joined the buying spree. This whale deposited 83,816 ETH, valued at $288.6 million, on Aave. The whale then borrowed $122.89 million in stablecoins to increase its ETH holdings.

Besides the #66kETHBorrow whale, another whale 0x9992 is also borrowing to buy more $ETH!

2 hours ago, 0x9992 borrowed 10M $USDC from AAVE to buy 2,909 $ETH.

He currently has 83,816 $ETH($288.6M) deposited on Aave and has borrowed $122.89M in stablecoins.… pic.twitter.com/ZxFsQaexqo

— Lookonchain (@lookonchain) November 12, 2025

The MOVE highlights how large investors are utilizing decentralized platforms like Aave to leverage their positions.

“Whales continue to see the current price drop as a good entry point,” stated blockchain analytics platform Lookonchain.

These actions reinforce the narrative that major players are betting on Ethereum’s price recovery.

BitMine Expands Ethereum Holdings Further

In addition to the Ethereum whale activity, BitMine has continued to increase its ETH holdings. Over the past week, the company added 110,288 ETH to its portfolio. This move brings BitMine’s total ETH holdings to 3.5 million ETH, valued at approximately $12.5 billion.

As the largest corporate holder of Ethereum, BitMine’s actions demonstrate a strong belief in the cryptocurrency’s long-term potential. Ethereum whales, including institutions like BitMine, seem undeterred by recent market fluctuations. The corporate push into Ethereum further strengthens the case for potential price recovery.

These large-scale moves come as ETH shows potential for a V-shaped recovery on the daily chart. ETH is currently testing the 100-day simple moving average at $3,450. If bulls push above this level, it could signal a price surge to $4,172, a 21% increase from current levels.