Ethereum News Today: Mystery Whale Buys $1.34B in Ethereum Over 8 Days via FalconX and Galaxy Digital

A mysterious crypto whale has stirred significant attention in the Ethereum market by acquiring $1.34 billion worth of ETH over the course of eight days in early August 2025. According to on-chain data, the whale created 10 new wallets to accumulate 312,052 Ethereum tokens, with the majority of purchases sourced from institutional trading platforms FalconX, Galaxy Digital, and BitGo [1]. This large-scale accumulation has drawn comparisons to institutional-grade buying strategies, where OTC (over-the-counter) deals are typically used to avoid triggering sharp price swings [2].

Analysts suggest that the whale’s actions could represent a strategic long-term bet on Ethereum’s future value [3]. The size and speed of the purchase have fueled speculation that the entity behind the wallets could be a high-net-worth individual, a hedge fund, or even a sovereign wealth fund. While the identity of the whale remains unknown, the buying pattern is consistent with those employed by institutional investors seeking to build positions without causing market volatility [2].

The timing of the accumulation is also noteworthy, as it coincided with a broader surge in Ethereum demand driven by ETF inflows and corporate treasuries adding over $1 billion in ETH to their reserves [6]. On-chain analytics firm Lookonchain flagged the unusual activity as a potential market-moving event [4]. Meanwhile, the Ethereum Fear and Greed Index remained in "extreme greed" territory during the accumulation period, indicating that bullish sentiment has remained strong despite the volatility often associated with large whale movements [7].

While the whale’s actions have intensified speculation around Ethereum’s price trajectory, analysts caution that whale activity alone does not guarantee price direction. The broader macroeconomic environment—including U.S. inflation data and Federal Reserve policy—will play a crucial role in determining ETH’s future performance [2]. However, the whale’s buying spree has contributed to an overall sense of optimism, particularly as Ethereum traded near its all-time highs in late July and early August [6].

The mystery surrounding the whale’s identity has sparked a range of theories, including the possibility of a new institutional buyer or a strategic accumulation ahead of a potential Ethereum-related product launch. No official statements have been made by major Ethereum holders or institutional investors, and speculation remains unconfirmed [5]. As the market continues to absorb these large-scale transactions, participants are closely watching for further on-chain activity and price reactions.

Source:

[1] "Anonymous Whale Scoops Up $1.34B In Ethereum In Just..." – Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1033670-20250813)

[2] "Crypto Whale Buys $1.34B in Ethereum Ahead of Key US..." – CoinCentral (https://coincentral.com/crypto-whale-buys-1-34b-in-ethereum-ahead-of-key-us-inflation-data/)

[3] "Analyzing impact of $1.34B whale buy on ETH prices" – AMBCrypto (https://ambcrypto.com/ethereum-analyzing-impact-of-1-34b-whale-buy-on-eth-prices/)

[4] "Whale Accumulates 312052 ETH ($1.34B) in 8 Days via..." – Blockchain News (https://blockchain.news/flashnews/whale-accumulates-312-052-eth-1-34b-in-8-days-via-falconx-galaxy-digital-and-bitgo-on-chain-alert-by-lookonchain)

[5] "Three Cryptos Primed to Outshine Ripple (XRP) by Over..." – CoinCentral (https://coincentral.com/three-cryptos-primed-to-outshine-ripple-xrp-by-over-1000-in-2025-after-tracking-whale-wallets/)

[7] "Live Ethereum CFGI Score Now: Extreme greed 1D" – CFGI.io (https://cfagi.io)