In the latest activity, the wallet transferred 22 ETH. Of this amount, 21 ETH went to a Coinbase-linked deposit address, while 1 ETH was sent to a new wallet. The remaining 828 ETH stayed in the original address, highlighting that most early investors continue to hold their coins untouched.

Whales Accumulate Despite Market Volatility

Santiment data shows that Ethereum whales, holding between 10,000 and 100,000 ETH, accumulated over 800,000 coins in the past month. Despite market swings, major holders appear to be buying dips rather than reducing their positions.

Key takeaways from whale activity include:

• Long-term holders using market volatility as a buying opportunity

• Overall whale balances steadily increasing

• Price fluctuations not affecting large holders’ strategies

• Liquidity testing done with small transfers

Weekly Chart Indicates Potential Long-Term Bullish Base

Ethereum’s weekly chart shows signs of a potential inverse head-and-shoulders pattern. Analyst Merlijn The Trader noted that the left shoulder formed after the early 2024 rally, while the head appeared during a sharp decline. The current rebound is shaping the right shoulder.

This technical formation suggests ETH may be establishing a long-term support base. Confirmation requires a clear breakout above the resistance zone, but the pattern signals that long-term investors are preparing for potential upward momentum.

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BlackRock Sends High-Value BTC to Coinbase

Arkham’s on-chain tracking confirms that BlackRock deposited 6,735 BTC, worth roughly 616.09 million dollars, into Coinbase Prime. These transactions occurred during a period of heightened volatility in the crypto market. The transfers mostly originated from the IBIT Bitcoin ETF pool, which signals active liquidity management on the institutional side. This activity also highlights Coinbase Prime’s role in high-volume ETF-related operations.

The rapid sequence of deposits drew immediate industry attention. Analysts suggested that these movements reflect increased institutional engagement with Bitcoin ETF products. Additionally, the visible surge in BTC inflow strengthened expectations for continued growth in institutional trading activity.

Ethereum Deposits Near 200 Million Dollars

Alongside its Bitcoin transactions, BlackRock also transferred a substantial amount of Ethereum. Arkham data shows the company deposited 64,706 ETH, valued at about 199.73 million dollars, into Coinbase Prime. This action indicates expanding institutional positioning within the Ethereum ETF ecosystem.

Repeated 10,000 ETH deposits stand out in the dataset, showing back-to-back transfers executed within minutes. This pattern suggests highly coordinated liquidity operations. Moreover, the strong rise in Ethereum inflow drew market attention as traders watched ETF-related activity closely.

Key Details from Arkham’s Transaction View

The Arkham dashboard highlights categories such as INFLOW, OUTFLOW and SWAPS, while listing dozens of rapid transactions from BlackRock’s ETF wallets to Coinbase Prime. The dataset includes several recurring entries.

• Multiple 300 BTC transfers from BlackRock’s IBIT wallet to Coinbase Prime
• A notable 135.351 BTC entry appearing in the transaction list
• Two consecutive 10,000 ETH transfers from the ETHA ETF wallet

These entries offer a clear picture of aggressive institutional movement. They also demonstrate the increasing role of ETF-linked liquidity flows in shaping short-term price dynamics across the crypto market.

Institutional Activity Accelerates in the Crypto Market

The combined value of BlackRock’s BTC and ETH deposits exceeds 815.82 million dollars, marking one of the most significant institutional inflows of the year. The scale of the movement suggests stronger demand for crypto-based financial products. Furthermore, the rapid series of transactions points to carefully managed ETF strategies. This trend reinforces Coinbase Prime’s importance as a major liquidity venue for institutional investors.

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Transaction Breakdown: 5,284 ETH Redeemed, 4,364 ETH Deposited to OKX

Blockchain data reveals that SharpLink’s wallet performed two large “RedeemManagerV1 (Proxy)” transactions about eight hours ago.
These redemptions totaled 563.201 ETH ($1.88M) and 4.721K ETH ($15.75M) — releasing 5,284 ETH in total liquidity.

Shortly after, the wallet deposited most of this amount to OKX:

• 5h ago – 0.01 ETH ($33.25)
• 4h ago – 2,000 ETH ($6.64M)
• 1h ago – 2,364 ETH ($7.83M)

In total, 4,364 ETH worth roughly $14.47 million was sent to OKX.

Why Did SharpLink Transfer to OKX?

SharpLink likely moved its ETH to OKX for liquidity management and strategic repositioning. The company may plan to convert part of its holdings to cash, leverage exchange-based trading and staking options, or rebalance its corporate treasury. Such large movements often attract attention, as they can influence market liquidity and short-term investor sentiment.

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The post $14.4M ETH Shift: SharpLink Sends Funds to OKX appeared first on Coin Engineer.

According to Lookonchain and Onchain Lens, the address “0x60D…E932” transferred a total of 1,500 ETH to Kraken in two separate transactions early Wednesday morning. At today’s prices, the transferred ETH is worth roughly $6 million, ending the wallet’s long dormancy.

Participation in the Ethereum ICO and Early Purchase

The investor initially acquired 20,000 ETH for $6,200 during the 2014 Ethereum ICO, paying an average price of $0.31 per ETH. The ICO sold over 60 million ETH, raising approximately $18.3 million in total.

Early investor movements in the crypto space attract significant attention. Wallets that remain inactive for years and then make transactions provide key insights into investor psychology and market trends, particularly for major projects like Ethereum.

ICO Whales Reemerge in the Market

As Ethereum approaches new yearly highs, ICO participants are becoming active again. In August, another Ethereum ICO investor moved roughly $19 million in ETH to Kraken, later selling an additional 1,060 ETH. During the same period, a different ICO address transferred 2,300 ETH to Kraken.

Last month, a single ICO participant moved a total of 150,000 ETH to a staking address across three wallets. Such movements impact Ethereum market liquidity and demand, providing crucial indicators for price forecasts and investor behavior.

Key Highlights

• Early Ethereum investor acts after 8 years of inactivity.

• 1,500 ETH moved to Kraken, worth approximately $6 million.

• Originally bought 20,000 ETH during 2014 ICO; investment grew significantly.

• Other ICO whales also executed ETH transfers in August and September.

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The post Ethereum ICO Investor Moves $6M in ETH After 8 Years appeared first on Coin Engineer.

Why Is This Move Significant?

• Liquidity and DeFi Ecosystem Impact
  This massive withdrawal of ETH from Lido has further extended the unstake (exit) queue on Lido, signaling potential strain on the protocol’s processing capacity.

• Spike in Aave Borrow Rates
  As ETH flow into Aave surged, the platform’s borrowing rates climbed above 10%. Consequently, many derivative strategies—especially stETH–ETH looping setups—faced rising funding costs, resulting in losses or forced closures.

The total ETH and equivalents held in Justin Sun’s wallet are as follows:

• 197,xxx ETH (held in wallet)
• 109,326.xxx stETH (staked on Lido)
• 60,422.xxx WETH (deposited into Aave)

Following this move, the combined ETH holdings across Lido and Aave for this address reached approximately $630 million.

You might also find this article interesting: PUMP Token Soars: Pump.fun Rewards Plan Revealed!

What Is Justin Sun Trying to Achieve?

1. Liquidity Control and DeFi Fragility

   • A single entity moving such a large amount of ETH can destabilize protocol dynamics.

   • The exit queue on Lido lengthens; increased supply on Aave can cause borrowing rates to spike. DeFi remains vulnerable to these centralized pressures.

2. Strategic Risk or Opportunity?

   • Analysts view this move as a strategic attempt to avoid stETH–ETH volatility and deploy a more controlled, yield-bearing position in Aave.

3. Whale Influence on Market Psychology

   • Moves by large players like Justin Sun can induce short‑term swings in ETH price. Traders often adjust positions in response to such signals.

Today’s transaction isn’t just a move by an ICO investor—it stands out as a major event that directly impacts the borrowing, staking, platform risk, and behavioral psychology within the Ethereum ecosystem. It shows that even in decentralized systems, bold maneuvers by a single wallet can carry substantial influence beyond mere HODLing.

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The post Will Justin Sun Sell 60,000 ETH? appeared first on Coin Engineer.

$181 Million Worth of ETH Sent to Binance

According to on-chain data, HTX—formerly Huobi and closely linked to Justin Sun—transferred approximately 50,600 ETH, valued at around $181 million, to Binance. The ETH originated from the Aave protocol, moved first into a “Recovery” wallet at HTX, then to a hot wallet, and finally to Binance.

This transaction wasn’t an isolated case. In fact, over the past week, HTX has transferred a total of 160,600 ETH, worth roughly $518 million, using this same flow. This pattern has sparked speculation across the community: Is Justin Sun preparing to sell?

While no official statement has been made, such large-scale movements toward centralized exchanges are often interpreted as bearish signals, especially if they coincide with rising prices and growing long positions in the market.

Crypto Market Hits All-Time High: $4 Trillion

Amid this suspenseful backdrop, the broader cryptocurrency market crossed a historic milestone, surpassing a $4 trillion total market cap for the first time ever. This surge was powered primarily by Bitcoin and Ethereum, which together now account for over 70% of the entire market valuation.

This bullish momentum has been fueled by rising institutional interest in the United States and a wave of positive regulatory developments. Notably, the GENIUS Act and the CLARITY Act, recently passed by Congress, have provided a much-needed legal framework for digital assets. These acts offer clear federal-level guidelines for stablecoins and help define the legal status of many altcoins, boosting investor confidence across the board.

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