{"id":47318,"date":"2025-08-04T12:00:58","date_gmt":"2025-08-04T09:00:58","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=47318"},"modified":"2025-08-04T11:48:05","modified_gmt":"2025-08-04T08:48:05","slug":"whale-crypto-buys-sells-ethereum-bitcoin-hype","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/whale-crypto-buys-sells-ethereum-bitcoin-hype\/","title":{"rendered":"Whale Radar: Top Crypto Buys and Sells Revealed!"},"content":{"rendered":"

The cryptocurrency market witnessed volatility over the weekend. After a dip in total market cap on Saturday, a recovery followed on Sunday, with gains holding steady into the first day of the week. During this turbulent period, the actions of whale addresses<\/strong> attracted attention.<\/span>\u00a0<\/span><\/p>\n

Ethereum<\/a> (ETH)<\/strong> 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.<\/span>\u00a0<\/span><\/p>\n

According to Lookonchain<\/strong>, 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<\/strong> ($4.62 million) and 38.86 billion PEPE ($414,700)<\/strong>, closing out these positions.<\/span>\u00a0<\/span><\/p>\n

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.<\/span>\u00a0<\/span><\/p>\n

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Additionally, SharpLink Gaming acquired 30,755 ETH<\/strong> for 108.57 million USDC, bringing its total ETH holdings to 480,031. The total value of these holdings is approximately $1.65 billion.<\/span>\u00a0<\/span><\/p>\n

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\u2019s long-term potential.<\/span>\u00a0<\/span><\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • Strategic Bitcoin Accumulations: Metaplanet and El Salvador Lead\u00a0<\/a><\/li>
  • Smart Money Flows Into HYPE and Other Tokens\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>Strategic Bitcoin Accumulations: Metaplanet and El Salvador Lead<\/span>\u00a0<\/span><\/span><\/h2>\n

    Alongside developments in Ethereum, Bitcoin whales also showed notable activity. Japan-based Metaplanet<\/strong><\/a> announced a new purchase of 463 BTC, spending $53.7 million. The average cost per coin stood at $115,895.<\/span>\u00a0<\/span><\/p>\n

    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\u2014worth approximately $718 million today.<\/span>\u00a0<\/span><\/p>\n

    Meanwhile, a long-dormant wallet reactivated after 12.4 years, moving 306 BTC on-chain<\/strong>. This raised speculation about a potential shift in long-term investor strategies.<\/span>\u00a0<\/span><\/p>\n

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

    — Lookonchain (@lookonchain) August 2, 2025<\/a><\/p><\/blockquote>\n