Whale Transfers 77,736 ETH to Bitfinex for 31x Gain
- A whale deposited 77,736 ETH to Bitfinex with a 31x gain.
- ETH liquidity on Bitfinex possibly increased.
- No direct regulatory or official responses yet.
A cryptocurrency whale transferred 77,736 ETH, valued at about $368 million, to Bitfinex on August 23, 2025, achieving a 31x gain since January 2019.
The transfer impacts Ethereum liquidity at Bitfinex, possibly affecting market dynamics. No official responses or notable changes in trading strategies have been noted yet.
On August 23, 2025, an Ethereum whale deposited 77,736 ETH into Bitfinex. Originally withdrawn in January 2019, the ETH represented a 31x gain, estimated at $368 million at the transfer time.
The whale’s identity remains undisclosed, with no statements from Bitfinex or Ethereum’s leadership. The transfer was flagged by the blockchain tracker @wublockchain12, but no direct commentary was provided by Bitfinex executives or project leaders.
The substantial ETH deposit on Bitfinex, valued at $4,714 per token, could affect market liquidity. No additional tokens, like BTC, were reported moved with this transaction.
While the immediate financial impacts are centered on Ethereum’s liquidity on Bitfinex, no official metrics from DeFi platforms or Bitfinex analytics have been published yet.
No significant historical precedents were directly tied to ETH, but large deposits often lead to volatility.
Arthur Hayes, Former CEO of BitMEX, warned of a global liquidity crunch: “Earlier today, former BitMEX CEO, Arthur Hayes warned of a global liquidity crunch and expected BTC to test $100,000 in the near term, adjusting his positions accordingly.” Source
Future impacts could include further market fluctuations if other whales or institutions respond similarly. The ETH-centric nature of this move may influence upcoming strategic decisions within the crypto markets.
