Ethereum Whale Moves 2,000 ETH to HitBTC After Long Dormancy
- Whale transfers 2,000 ETH to HitBTC amid unrealized losses.
- Transaction coincides with an Ethereum price rally.
- Community speculates market impact from whale activities.
This activity highlights increased scrutiny on whale transactions, with the community closely monitoring potential market implications.
“A whale address that has been accumulating 4026.47 ETH since June 10 transferred 2000 ETH to an exchange … The average acquisition cost of this batch of ETH is $2,598, with the selling price expected to be below the cost, resulting in an estimated loss of around $324,000. The remaining 2026 ETH held still have an unrealized loss of approximately $178,000.” — @ai_9684xtpa, On-chain Analyst, Twitter/X
The whale, which amassed 4,026.47 ETH since June 2025, decided to move 2,000 ETH—now valued at $4.87 million—to HitBTC. Unnamed within industry circles, the whale is navigating a market rally.
The whale’s ETH average buy price is $2,598, resulting in a potential loss of ~$324,000 on this batch. Analyst @ai_9684xtpa reported the event, emphasizing unrealized losses in remaining holdings. Notably, no Ethereum co-founders or KOLs have commented.
Market observers noted this movement but found no significant price disruptions. The ETH price rally that coincided with the transaction raised speculation on selling strategy. No regulatory or staker responses were recorded.
Historically, such dormant whale activities stir market discussions without consistent inverse effects on ETH prices. Analysts continue to watch similar patterns for future market shifts, despite mixed community sentiment and speculation.
Previous events evidenced modest market pressure from whale liquidations. The ongoing market rally compels attention on large holdings as a potential market catalyst. Experts suggest ongoing vigilance on whale addresses for broader impact insights.
