Whale Invests $50M in Ethereum with USDT on Binance
- $50 million Ethereum acquisition by whale on Binance.
- Strong institutional interest in ETH observed.
- Positive market sentiment for Ethereum price floor.
A whale identified by the address 0x5A8E invested $50 million in Ethereum on July 20, 2025, through Binance. This move involved purchasing 13,462 ETH at an average price between $3,714 and $3,715 per token.
The significant investment by an anonymous whale underscores the continued interest from institutional entities in Ethereum, as it anticipates the cryptocurrency’s next price milestones. Market enthusiasm suggests short-term price support.
The major whale investment involved the transfer of 50 million USDT to Binance, where it was converted to 13,462 ETH. Notable blockchain analytics firms, @EmberCN and @lookonchain, confirmed the transaction, highlighting heightened purchasing activity.
“A whale/institution transferred 50 million USDT to Binance, then withdrew 13,462 ETH (~$3,714/ETH).” – @EmberCN
The involved entity remains unidentified, with the whale address 0x5A8E having no known affiliations. Institutional wallets purchased 58,268 ETH, valued at approximately $212 million, through FalconX and Galaxy Digital that day, reinforcing strong institutional demand.
Ethereum, the primary asset impacted by this transaction, demonstrated increased bullish sentiment and price momentum. This significant inflow may affect both central exchanges and decentralized finance sectors.
The whale’s purchase indicates Ethereum’s growing attractiveness, with market analysts noting the potential for setting local price floors. Blockchain specialists confirm a $2.2 billion net inflow to spot ETFs over recent days.
The influx of such substantial investments without immediate price impact suggests a robust demand and strategic interest in accumulating ETH at the current rate. Observers anticipate potential technological advancements across Ethereum’s ecosystem.
