Ethereum News Today: Crypto Whales Rebalance Portfolios as Central Banks Ease Rates, Sparking Cross-Chain Shifts

A prominent Solana (SOL) whale executed a significant on-chain maneuver last week, selling 99,979 SOL at $185 per token to generate roughly $18.5 million before cross-chaining to Ethereum to acquire 4,532 ETH at $4,084 per coin, according to a Coinotag report. This strategic shift underscores growing capital reallocation between major layer-1 ecosystems amid volatile market conditions. The transaction highlights the fluidity of multi-chain markets, where large holders actively rebalance portfolios to capitalize on price discrepancies and liquidity opportunities across networks.

The move aligns with broader trends of institutional-grade on-chain activity, as evidenced by another high-profile trader, identified as "0xc2a," who has generated $17 million in two weeks through long positions on Bitcoin and Ethereum, according to a BeInCrypto piece. Holding $131 million in ETH and $165.5 million in BTC, this whale's actions have drawn attention for their precision amid October's market turbulence, which saw over $20 billion in leveraged positions liquidated following President Trump's 100% tariff announcement on Chinese imports. The BeInCrypto article adds that such behavior reinforces the role of large holders as barometers for institutional sentiment, with their transactions often signaling broader market direction.

Meanwhile, a dormant Dogecoin (DOGE) whale recently reactivated after 11 months of inactivity, withdrawing 15.115 million DOGE from Binance—valued at $2.95 million—and consolidating holdings to a total of $12.96 million, according to a Coinotag article. The address's activity, including partial liquidations of 7,473 DOGE for 1,450 USDT, suggests a strategic rebalancing rather than a definitive bearish signal, as shown by LookonChain data. Analysts note that such moves, while not uncommon, highlight the liquidity dynamics of meme coins on centralized exchanges and the potential for price volatility as whale positions shift.

These transactions intersect with broader macroeconomic currents, as global central banks continue easing monetary policy. Hong Kong's Monetary Authority (HKMA) cut its base rate by 25 basis points to 4.25% on October 30, following the U.S. Federal Reserve's similar adjustment, according to the Business Times. The coordinated rate reductions aim to reduce borrowing costs and stabilize economies amid trade uncertainties, though their impact on crypto markets remains mixed. While Bitcoin and Ethereum have shown resilience, on-chain data from Glassnode suggests Bitcoin's inability to reclaim its $113,000 cost basis for short-term holders signals waning momentum, with further declines to $88,000 possible if bullish pressure fails, as reported by LookonChain.

Coinbase (COIN) has also seen its stock rise 5.5% amid renewed interest in token monetization strategies, according to Yahoo Finance. While the exchange's performance is influenced by broader market trends, whale-driven liquidity shifts—such as the Solana-to-Ethereum transfer—could amplify trading volumes and fee-based revenue streams for platforms like Coinbase.