Ethereum News Today: Ethereum Whales Amass $1.37B Stake, Defying Short-Term Volatility

Ethereum (ETH) experienced a sharp price correction in November 2025, dropping nearly 12% to a four-month low of $3,000 before staging a modest rebound. Amid the volatility, major investors—often termed "whales"—stepped in, accumulating 394,682 ETH worth $1.37 billion over three days, signaling confidence in the asset's long-term prospects despite broader market pressures, according to BeInCrypto. The buying spree coincided with a record low in Ethereum exchange reserves, a metric historically tied to bullish sentiment as holders shift assets to long-term storage, per the same report.

The most significant purchases were led by an "Aave whale," which acquired 257,543 ETH valued at $896 million, according to on-chain analytics firm Lookonchain. The second-largest buyer was Bitmine Immersion Technologies, Ethereum's largest corporate holder, which added 40,719 ETH ($139.6 million). Bitmine's strategy of buying during dips has been consistent, with the firm having previously spent $250 million in October and $113 million shortly thereafter, as noted in the BeInCrypto report. The purchases were facilitated through exchanges like Coinbase and FalconX, reflecting a coordinated effort to capitalize on discounted prices, as reported by BeInCrypto.

The average buying price for these whales was $3,462, slightly above Ethereum's recent low of $3,000. This suggests investors viewed the dip as a strategic entry point rather than a sign of systemic weakness. On-chain metrics, including negative MVRV (net profit/loss value) readings, further reinforced the idea that the market had entered a historically low-risk buying zone, as per BeInCrypto.

Broader network data underscored the trend. CryptoQuant reported that Ethereum exchange reserves had fallen to their lowest level since 2016, indicating a shift toward long-term hodling. This pattern is often seen as a precursor to price recovery, as reduced liquidity on exchanges can lead to upward pressure when demand increases, as noted in the BeInCrypto report.

The whale activity contrasts with broader crypto market sentiment, where uncertainty over regulatory developments and macroeconomic factors has kept investors cautious. However, the actions of large holders highlight a divergence between short-term volatility and long-term conviction in Ethereum's utility and adoption. Analysts note that such accumulation could eventually drive price appreciation, particularly if exchange reserves continue to decline and on-chain activity remains robust, according to BeInCrypto.

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