«Кит» из 2013 года вновь в игре: 750 BTC переведены на Binance в ожидании новой волны Ethereum Headline: 2013 Whale Returns: 750 BTC Transferred to Binance in Anticipation of Ethereum Surge

Amid the recent correction, major holders of Bitcoin and Ethereum are exhibiting contrasting strategies. Some are cashing out profits, while others are buying during the dip.

Analysts from Lookonchain have highlighted a «woke» whale that, after 12 years, transferred 750 BTC ($83.3 million) to Binance.

This crypto investor acquired the coins back in 2013 when Bitcoin was trading at $332 and began selling them last December. According to on-chain experts, his profits have reached $510 million.

As per Arkham, following the recent transaction, the whale still holds another 750 BTC, with an associated wallet containing 2500 BTC (~$276.5 million).

A user under the nickname Doxxed speculated that the investor is preparing to purchase Ethereum. Previously, experts reported on another significant holder of digital gold who became active for the first time in seven years and bought 62,914 ETH ($270 million) on the spot market.

Lookonchain noted that the address might be linked to another whale that performed a similar operation. On August 21, he sold 670 BTC ($76 million) to acquire 68,130 ETH ($295 million).

On August 26, an Ethereum whale that hadn’t been active since 2021 withdrew 6334 ETH ($28 million) from the Kraken exchange, as reported by an analyst going by CryptoGoos.

According to CoinGecko, the price of Ethereum has dropped by 13% in recent days, from $4900 to $4300. Experts believe that major investors view the correction as an opportune moment to accumulate the asset.

A larger operation was conducted by another unidentified participant who purchased Ethereum worth $2.55 billion through Hyperliquid and locked it up in staking.

Arkham specialists also reported that nine addresses linked to whales acquired Ethereum for a total of $456.8 million. Five of these transactions were executed via the BitGo platform, while the others were through OTC trading with Galaxy Digital.

The demand for Ethereum continues to rise from the corporate sector as well. Last week, BitMine purchased cryptocurrency worth $2.2 billion, increasing its reserves to 1.7 million ETH, valued at $7.9 billion.

Meanwhile, Ethereum-based spot ETFs have attracted over $1 billion since August 21, offsetting previous outflows.

At the time of writing, more than 9% of the total Ethereum supply is under the management of exchange-traded funds and public firms.

It is worth noting that in August, Jeffrey Kendrick, head of digital asset research at Standard Chartered, described Ethereum and the companies that own it as undervalued.