Ethereum News Today: Dormant Ethereum Whale Buys $28M ETH as Market Hints at V-Shaped Recovery

Generated by AI AgentCoin World
Tuesday, Aug 26, 2025 1:04 pm ET1min read
ETH
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Aime RobotAime Summary

- A dormant Ethereum whale bought $28M ETH from Kraken, signaling potential "V-shaped" recovery optimism amid a 13% price drop.

- Institutional/retail accumulation trends show Bitstamp, Arkham, and BitMine adding $3.7B+ ETH, reducing sell pressure through staking and long-term storage.

- Ethereum spot ETFs gained $1B in inflows since August 21, reinforcing market confidence in the current price correction as a strategic entry point.

- Historical parallels to 2020/2022 recoveries and technical analysis suggest ETH could reach $7,500–$20,000 by 2025 as accumulation continues.

A previously dormant

Ethereum
whale has reentered the market, purchasing $28.08 million worth of Ether (ETH) from Kraken in a single transaction, sparking renewed optimism about a potential "V-shaped" recovery in the cryptocurrency [1]. The whale’s wallet, which had not interacted with any exchanges since 2021, made the move as ETH’s price dropped more than 13% over the preceding three days, falling from above $5,000 to approximately $4,315 [1]. Analysts are interpreting the large accumulation as a bullish sign that major market participants view the current price level as a buying opportunity [1].

The whale’s activity aligns with broader on-chain trends indicating increased institutional and retail accumulation. On the same day, Bitstamp transferred 20,000 ETH—valued at roughly $880,000—to an unknown wallet, signaling a move of funds from exchange custody to long-term storage [1]. Arkham Intelligence also reported that a whale had staked $2.55 billion in ETH through Hyperliquid, further reinforcing the notion that large holders are locking in supply and reducing sell pressure [1].

BitMine, a major Ethereum accumulator, has also continued its buying spree, adding $252 million in ETH over the past week, bringing its total holdings to 797,704 ETH, valued at about $3.7 billion [1]. The firm holds an additional $200 million in reserves for further purchases, highlighting the continued institutional confidence in Ethereum’s long-term value [1].

Meanwhile, spot Ethereum ETFs have attracted over $1 billion in inflows since August 21, according to Farside Investors data, effectively offsetting significant outflows observed in the previous four days [1]. This trend supports the broader narrative that the current ETH price correction is being treated as a strategic entry point rather than a sign of a deeper market breakdown [1].

The Ethereum price action is drawing comparisons to previous recovery cycles. GalaxyBTC has noted that ETH’s current rebound from the July lows near $3,350 to above $4,000 mirrors past "V-shaped" recoveries, which have historically preceded major bull runs [1]. A similar pattern was observed in late 2020, when ETH rebounded from pandemic lows of around $100 to exceed $4,000 within a year. A smaller but comparable recovery occurred in late 2022, as ETH rose above $2,000 in early 2023 from under $1,200 [1].

Technical analysis suggests ETH could climb toward $10,000–$20,000 in the coming months. Geoffrey Kendrick, head of digital assets at Standard Chartered, forecasts a target of $7,500 by the end of 2025 [1].

Source: [1] Dormant Ethereum whale buys $28M ETH, ignites 'V-shaped' recovery hopes (https://cointelegraph.com/news/dormant-ethereum-whale-buys-28m-eth-v-recovery)