Yeliz Akmaca 
A massive Ethereum whale has acquired 48,825 ETH, worth approximately $127 million. The market was shaken by Bitcoin’s drop and the Israel-Iran tensions. Amid this uncertainty, the whale made purchases via Coinbase and Wintermute.
Buying ETH Amid Panic Selling
Lookonchain analytics platform highlights that this significant purchase occurred during intense panic selling and widespread market anxiety. Lookonchain’s data is clear: while everyone was selling, the whale trusted Ethereum and bought in. A crucial detail is that before buying ETH, the whale had acquired over $127 million worth of USDC stablecoins. This strategy allowed the investor to seize opportunities in the market. The investor kept liquidity in USDC to hedge against market risks. Sources such as AInvest and Phemex report that the whale transferred $127 million worth of USDC to Wintermute and Coinbase to execute these ETH purchases.
While the crowd panic-sells $ETH, this whale – who's already made ~$30M profit on $ETH – is buying $ETH crazily.
Over the past 8 hours, he's bought 48,825 $ETH($127M) from Coinbase and Wintermute at an average price of $2,605.https://t.co/7eUZQPGfROhttps://t.co/SHASXyPST1 pic.twitter.com/r7VZMz12tV
— Lookonchain (@lookonchain) June 13, 2025
Spot Ethereum ETFs listed in the US saw net outflows of $2.2 million on Friday. This suggests that while retail and large individual investors viewed market dips as buying opportunities, some institutional funds opted for profit-taking or position adjustments.
This massive purchase coincided with one of the most volatile periods in the market:
- Sudden drops in Bitcoin,
- Rising geopolitical risks due to Israel-Iran tensions,
- Panic selling among retail investors.
- Past Successes and Expectations
This whale has a proven track record. Lookonchain noted a previous ETH trade that yielded $30 million in profit. This success reflects the experience behind the current large investment. Buying during price dips indicates the whale expects a price increase and sees this as an accumulation opportunity.
🐳 There are currently 6,392 wallets holding between 1K and 100K Ethereum. Over the past month alone, these key whale and shark wallets have rapidly added more coins as retail traders have taken profit.
During these past 30 days, a net of +1.49M more $ETH has been accumulated by… pic.twitter.com/1hPBTuAOrL
— Santiment (@santimentfeed) June 13, 2025
In the last 30 days, wallets holding between 1,000 and 100,000 ETH have added a net 1.49 million ETH. This means they increased their holdings by 3.72% and now control approximately 26.98% of the total Ethereum supply.
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