ethereum whales accumulated more than $1.3 billion in ETH during November dips, showing robust investor faith. One early participant sold 20,000 ETH for about $58 million after years of holding. This contrast reveals diverse tactics in the volatile cefi .
The ICO Whale's Exit Strategy
An address linked to ethereum's 2015 ICO received 254,908 ETH for just $79,000. Today, that stash values at around $757 million, marking a roughly 9,500x return.
The whale transferred 20,000 ETH to FalconX, a cefi platform, for sale. This move locked in gains amid ETH trading below $3,000.
According to on-chain tracker Lookonchain, the seller avoided direct dumps to minimize slippage. Such strategies help large players navigate market liquidity issues.
Broader Whale Accumulation Trends
Despite one whale's sale, large holders bought 394,682 ETH worth $1.37 billion over three days in early November. This occurred at an average price of $3,462 per ETH.
Data from Santiment shows ethereum reserves hit 2016 lows, suggesting holders shift to long-term storage. Reduced supply on cefi venues could curb selling pressure.
A prominent Aave-linked whale acquired 257,543 ETH valued at $896 million. Corporate holder Bitmine added 40,719 ETH for $139.6 million via Coinbase and FalconX.
Wallets holding 10,000 to 100,000 ETH reached a record 21 million ETH combined. Those with over 100,000 ETH hold about 4.3 million ETH, an all-time high.
market Impact and Analysis
ETH dipped 12% in November, touching four-month lows near $3,000. Yet, whale buys signal potential rebounds in the cefi ecosystem.
The market Value to Realized Value metric indicates 30-day traders face 12.8% average losses, flashing buy opportunities per Santiment. Oversold RSI at 27 supports reversal chances.
According to analyst Crypto Beeb, large investors accumulated over $1.3 billion in ETH this month during dips, a clear sign of bullish confidence. This pattern often precedes rallies.
Crypto Beeb notes that such whale activity positions smart money for ethereum's next breakout. Historical data backs this view in volatile markets.
Key Whale Moves in Detail
The
66k Borrowed Whale
added $162.7 million in ETH from Binance, totaling 432,718 ETH worth $1.23 billion. This entity borrowed to amplify positions.
Another whale injected $10 million into ETH longs on Hyperliquid, building to $44.5 million. Prior shorts netted nearly $200 million before a market drop.
Bitmine, ETH's top corporate holder, bought in tranches from cefi providers. Their strategy focuses on dips to build reserves.
ethereum's Ecosystem Strength
Upgrades like Danksharding and Layer 2 scaling cut transaction costs and boost efficiency. DeFi protocols and tokenized assets expand ETH utility.
outflows and staking growth reduce available supply. This dynamic could spark demand-driven surges in the market.
Investor Robert Kiyosaki views ETH as a strong buy at $4,000 levels. He compares its potential to bitcoin's early growth six years ago.
Kiyosaki emphasizes ETH's valuation mirrors bitcoin's past opportunities, hinting at long-term upside. Such perspectives guide participants.
Implications for Investors
The ICO whale's sale underscores profit-taking after massive gains in cefi. Yet, top holders' buys suggest confidence in ETH's fundamentals.
Traders should monitor support at $2,900 and resistance near $3,700. On-chain metrics offer actionable insights for positioning.
This whale activity highlights ethereum's maturing , where accumulation amid dips often signals recoveries. Investors gain from tracking such trends for informed decisions.
These contrasting moves emphasize the importance of on-chain analysis in understanding cefi market shifts.
