Recent actions of large Ethereum (ETH) holders indicate active buying in the wake of falling prices. A newly created wallet has amassed 50,256 ETH amidst significant liquidations.
Major Whale Purchases Amid Price Decline
A newly created wallet withdrew 50,256 ETH from the Binance hot wallet in increments of 3,000 ETH. This wallet became active over the past 24 hours after being partially funded by a known Binance wallet. Observers note that the whale started accumulating during a period of price declines when the asset lost more than 12%.
Signals of Potential ETH Recovery
The whale's average entry price was $2,265 per ETH. This active accumulation raises expectations for a potential rebound, with predictions of a 25% price increase. Currently, the whale holds ETH valued at $112.8 million and a minimal amount of WETH.
Capital Flow to DeFi Protocols
Ethereum is becoming a popular playground for whales, with liquidity actively flowing to leading protocols. Data from DeFiLlama shows that approximately $57 billion is currently locked in total value across the Ethereum chain. Major protocols like LidoDAO and Aave continue to attract significant liquidity, while ongoing ETH accumulation is evident following the recent Pectra upgrade that requires 2,048 ETH to run new larger nodes.
Thus, despite negative market trends and price declines, whale activity indicates a potential recovery for Ethereum and continued capital inflow into DeFi protocols.
