| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107358.5000000000 |
| ETH | $2438.5370000000 |
| BNB | $646.1392100000 |
| XRP | $2.1961980000 |
| ADA | $0.5635591000 |
| SOL | $149.7151000000 |
| DOGE | $N/A |
| DOT | $3.3746900000 |
| LTC | $86.7480000000 |
| LINK | $13.2653600000 |
Category: CRYPTO NEWS
The post Ethereum Whale Moves Big: 16K ETH Buy Sparks Price Floor Hype appeared on BitcoinEthereumNews.com. Key Notes An Ethereum whale purchased a massive 15,953 ETH worth $26.16 million. Analyst Merlijn The Trader has predicted that ETH could hit $8,000 soon. Ethereum Foundation’s Tomasz Stańczak shared a simplified ETH roadmap. Leading digital asset Ethereum ETH $1 634 24h volatility: 1.1% Market cap: $197.23 B Vol. 24h: $15.12 B has reclaimed the $1,600 price level after underperforming the majority of the current market cycle. However, market analysts suggest that the digital asset has potentially reached the bottom and the rally could resume from hereon. In a transaction spotted by blockchain analytics platform Lookonchain, a mysterious whale (or institution) moved 15,953 ETH worth $26.16 million from crypto exchange OKX into decentralized finance protocol Aave. The same six wallets that made this move then borrowed $15.4 million in USDT against that ETH collateral and sent it back to OKX. Mysterious whale/institution accumulated 15,953 $ETH($26.16M)! 5 hours ago, 6 wallets(likely belonging to the same whale) withdrew 15,953 $ETH($26.16M) from #OKX and deposited it into #Aave. Then they borrowed 15.4M $USDT from #Aave and deposited it into #OKX. Address:… pic.twitter.com/dDAZ4tJJkI — Lookonchain (@lookonchain) April 14, 2025 Reduction in Selling Pressure? At first glance, this might seem like just another DeFi play, but the size and structure suggest something deeper: Accumulation: Withdrawing such a large amount of ETH from an exchange and locking it in Aave implies long-term confidence in ETH’s value. It’s not a quick trade—this is strategic positioning. Leverage and Re-entry: Borrowing USDT and cycling it back to OKX could mean the whale is preparing to accumulate even more ETH or other assets, amplifying their exposure. Such moves typically reduce selling pressure on exchanges and hint at accumulation by smart money, often preceding bullish trends. Ethereum’s Simplified Roadmap Tomasz K. Stańczak, co-executive director of the Ethereum Foundation, shared a forward-looking…
2025-04-14T08:44:06+00:00
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