Onchain data shows that WLFI sold roughly $8 million worth of Wrapped Bitcoin (WBTC) to purchase ETH. The timing stands out, as the move came while Ethereum was trading below the $3,000 level and broader market direction remained uncertain.

WLFI Repositions Its Portfolio

According to data tracked by Onchain Lens, a wallet associated with WLFI sold a total of 93.77 WBTC and acquired approximately 2,868.4 ETH. The average purchase price was around $2,813 per ETH.

Rather than a one-off trade, the transaction points to a deliberate portfolio adjustment. By exiting WBTC, WLFI chose direct exposure to Ethereum price movements instead of maintaining a Bitcoin-pegged position within the Ethereum ecosystem.

Wrapped Bitcoin serves as a fully backed representation of Bitcoin on Ethereum. WLFI’s exit from WBTC sends a clear signal: the firm is increasing Ethereum’s weight in its portfolio while dialing back Bitcoin-linked exposure.

Ethereum Remains Under Price Pressure

Ethereum continues to trade under pressure after slipping below the psychological $3,000 level. At the time of writing, ETH is changing hands near $2,864, down more than 2.5% over the past 24 hours.

Weekly losses have grown more pronounced, while the monthly decline remains relatively contained. Bitcoin is showing a similar pattern. Prices hover around $87,600, with both daily and weekly pullbacks in play, though monthly performance is still slightly positive.

Despite the weakness, some institutional players appear to view current Ethereum levels as an opportunity rather than a warning sign.

Whales Accumulate Between $2,600 and $3,000

Large Ethereum holders continue to buy into the downturn. Data from CryptoQuant indicates that whale wallets have been accumulating ETH primarily within the $2,600–$3,000 range.

Several notable transactions stand out. A newly created address labeled “0xcA0” acquired roughly 61,000 ETH via Binance, a position now worth more than $171 million. Another large wallet, “0xFB7,” purchased 20,000 ETH through Wintermute, bringing its total holdings close to 100,000 ETH.

Meanwhile, BitMine — one of the largest publicly known Ethereum holders and often linked to Tom Lee — added another 35,268 ETH during the recent market pullback, reinforcing its long-standing Ethereum-focused strategy.

Institutional Interest Persists, Uncertainty Remains

These accumulation patterns suggest that long-term confidence in Ethereum has not faded, even as short-term price pressure continues. Still, it remains unclear how quickly — or whether — this onchain buying activity will translate into sustained upside.

In the coming weeks, further moves from both long-dormant and newly active large wallets are likely to play a decisive role in shaping market direction. For now, these positions look less like aggressive bets and more like strategic positioning during a period of weakness.

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The post Trump-Linked WLFI Exits Bitcoin — What Did It Buy? appeared first on Coin Engineer.

Ethereum (ETH) was one of the most traded assets over the weekend. On-chain data revealed a split strategy among major addresses, with both buying and selling activity. 

According to Lookonchain, a whale identified as address 0x3c9E sold 33,682 ETH for approximately $119 million at the start of August. Arthur Hayes, CIO of Maelstrom Fund, also took part in selling. Hayes offloaded 2,373 ETH for $8.32 million, along with 7.76 million ENA ($4.62 million) and 38.86 billion PEPE ($414,700), closing out these positions. 

These aggressive sales highlight a profit-taking strategy amid market uncertainty. On the other hand, some large players ramped up ETH purchases. An unnamed whale reportedly acquired $300 million worth of ETH. 

Additionally, SharpLink Gaming acquired 30,755 ETH for 108.57 million USDC, bringing its total ETH holdings to 480,031. The total value of these holdings is approximately $1.65 billion. 

Meanwhile, OnChain Lens reported that another whale bought 25,540 ETH via FalconX. This address had previously sent 35,615 ETH to ETH2.0 staking wallets and is currently down by around $10 million on those holdings. These ongoing purchases underscore continued confidence in Ethereum’s long-term potential. 

Strategic Bitcoin Accumulations: Metaplanet and El Salvador Lead 

Alongside developments in Ethereum, Bitcoin whales also showed notable activity. Japan-based Metaplanet announced a new purchase of 463 BTC, spending $53.7 million. The average cost per coin stood at $115,895. 

According to CEO Simon Gerovich, Metaplanet now holds 17,595 BTC, with a total market value of around $1.78 billion. Additionally, El Salvador increased its official Bitcoin reserves, now totaling 6,258.18 BTC—worth approximately $718 million today. 

Meanwhile, a long-dormant wallet reactivated after 12.4 years, moving 306 BTC on-chain. This raised speculation about a potential shift in long-term investor strategies. 

Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M), 7.76M $ENA($4.62M) and 38.86B $PEPE($414.7K) in the past 6 hours.https://t.co/1HymJRPhcj pic.twitter.com/MoJNKUjJaQ

— Lookonchain (@lookonchain) August 2, 2025

Smart Money Flows Into HYPE and Other Tokens 

One of the weekend’s highlights was whale activity surrounding HYPE token. Analysts reported that wallet 0x7BE…480D8 deposited 4.07 million USDC into Hyperliquid exchange to expand its HYPE position. 

This move pushed the wallet eight ranks higher among the top HYPE holders. The wallet now holds a total of 487,209.95 HYPE, including staked tokens—worth approximately $18.65 million. The investor currently has an unrealized gain of $1.535 million. 

Wake up. Ask a question. Wait a few secs. Get real-time onchain answers. All from the comfort of your bed.

Top tokens by Smart Money net inflows in the past 24h:

$MAGICIAN (ETH): +$132K$AIPEPE (ETH): +$126K
$CHILLHOUSE (Solana): +$67K pic.twitter.com/9hTUh73z07

— Nansen (@nansen_ai) August 3, 2025

According to Nansen data, other tokens that drew strong smart money interest over the weekend included MAGICIAN, AIPEPE, and CHILLHOUSE.

Whales did not follow a single direction over the weekend. While some took profits, others opened large buying positions. However, Sunday’s market rebound and the strong start to the week suggest that buying pressure outweighed the selling. 

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The post Whale Radar: Top Crypto Buys and Sells Revealed! appeared first on Coin Engineer.

Alongside the new investment, BTCS has strengthened its digital asset reserves. The company completed a $55 million ETH purchase and successfully issued a convertible note worth approximately $10 million. This debt financing was structured with a conversion price of $13 per share—an impressive 198% premium over the July 18 closing price.

Meanwhile, during the week of July 25, BTCS also raised $1.64 million by selling 271,580 shares at $6.04 each through an at-the-market (ATM) offering. As a result, the total outstanding share count rose to 47,852,778.

BTCS Inc. increased its $ETH holdings by 14,240, bringing our total holdings to 70,028 with a fair market value of approximately $270 million based on an ETH price of $3,850. 

Through the continued execution of our hallmark DeFi / TradFi Flywheel Accretion strategy, BTCS has… pic.twitter.com/8RRIPUd4WG

— BTCS Inc. (Nasdaq: BTCS) (@NasdaqBTCS) July 28, 2025

BTCS Utilizes ETH for Revenue Generation

BTCS positions itself as an “Ethereum-first” company. Its core operations include NodeOps (staking services) and Builder+ (block-building solutions), designed to both generate consistent revenue from network participation and accumulate ETH.

Furthermore, BTCS has raised a total of $207 million since the beginning of the year. This capital was secured through ATM share offerings, over-the-market debt instruments, and DeFi-based loans. The company refers to this model as its “DeFi/TradFi Accretion Flywheel” strategy.

BTCS’s approach differs from other ETH reserve companies that focus solely on public or private funding. For instance, SharpLink Gaming and BitMine Immersion rely only on traditional capital structures. BTCS, by contrast, leverages ETH exposure and simultaneously builds a revenue-generating infrastructure.

This integrated financial model has attracted interest not only from the crypto community but also from traditional investors. BTCS’s novel strategy, embedded in public markets, aims to deliver long-term Ethereum-centric operational efficiency.

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The post BTCS Makes Bold Ethereum Move, Acquires Over 70,000 ETH! appeared first on Coin Engineer.

BlackRock’s iShares Ethereum ETF (ETHA) led the pack, attracting $1.79 billion—accounting for approximately 75% of total ETH ETF inflows in that period. 

ETHA also became the third-fastest ETF ever to reach $10 billion in assets under management, hitting the milestone in just 251 trading days. This achievement signals rising confidence and expectations around Ethereum. Fidelity’s Ethereum Fund (FETH) had its best-performing day on Thursday, July 25, recording $210 million in net inflows—4% higher than its previous record set on December 10, 2024. 

Institutions Are Accumulating ETH 

Interest in Ethereum isn’t limited to ETFs. BitMine Immersion Technologies purchased $2 billion worth of ETH in the past 16 days, making it the largest institutional ETH holder. Total ETH held by public companies now stands at 2.31 million, representing 1.91% of Ethereum’s circulating supply. This figure continues to rise and has the potential to put upward pressure on market supply. 

Galaxy Digital CEO Michael Novogratz predicted that Ethereum would outperform Bitcoin over the next six months and suggested ETH could reach $4,000. He also warned that large-scale purchases by firms like BitMine and SharpLink Gaming could trigger a supply shock in the market. 

Cooling Signs for Bitcoin ETFs 

Bitcoin ETFs ended their 12-day inflow streak on July 22, posting $131 million in net outflows. This came after they had attracted $6.6 billion during the previous 12-day run. Swissblock Research stated the trend may persist, noting, “ETH is positioning itself as the next cycle leader.” The strong performance of Ethereum ETFs supports this view.

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The post Ethereum ETFs Outpace Bitcoin: $2.4B Inflows in 6 Days appeared first on Coin Engineer.