Major investors are still showing interest in Ethereum despite price fluctuations on the cryptocurrency market. Recently, several wallets have made significant moves with ETH.
Whale Activity in Ethereum
A wallet identified as **0xd81E** is continuing its withdrawal streak from Ethereum, pulling out **1,900 ETH ($3.1 million)** from Gate.io just an hour ago. Since February 15, this address has accumulated **48,477 ETH** (approximately **$100.35 million**) from the exchange. Despite facing an **unrealized loss of about $21 million**, the holder remains unfazed, which suggests strong conviction in Ethereum's long-term potential.
Awakening of a Dormant Whale
Additionally, a second wallet, **0x3bd2**, has resurfaced after a year-long dormancy, withdrawing **2,600 ETH ($4.26 million)** from Binance. The sudden reappearance of an inactive whale typically indicates strategic actions, possibly in anticipation of price shifts or other market changes.
Continued Accumulation Despite Losses
These continued large-scale withdrawals hint at Ethereum whale accumulation rather than panic selling. Whales tend to operate with a longer time horizon and greater risk tolerance, often making positions that signal their belief in future price appreciation. The crypto community is closely monitoring these moves as they often precede broader market trends.
Overall, despite the current volatility in the market, the active behaviors of Ethereum whales highlight their confidence in the long-term prospects of this cryptocurrency.
