Crypto Whale News (8/9): ETH Whale Active Again, Moving $645 Million Worth of Assets!

Jakarta, Pintu News – The cryptocurrency world is abuzz again after an Ethereum (ETH) whale, known as one of the early investors during the 2015 ICO, moved Rp10.5 trillion ($645 million) worth of assets to a staking service.

This massive movement caused a lot of speculation among traders, especially since the whale is known to still hold more than IDR 18 trillion ETH in his personal wallet. This activity comes amid positive sentiment towards Ethereum, which is gaining strength thanks to new crypto regulations and a surge in institutional interest.

Read today’s crypto whale news, September 8, 2025, in the following article!

Whale Ethereum Active Again After a Long Sleep

On-chain data reveals that this whale originally bought around 1 million ETH during the ICO in 2015. After a long period of inactivity, he is now making a comeback by moving ETH from three different wallets to staking platforms. The total funds moved reached IDR 10.5 trillion, but he still has around IDR 18 trillion ETH left.

The move was first reported by the EmberCN monitoring account, which highlighted just how much influence this whale has on the market. While large movements of assets can often cause concern, the staking activity signals that this whale is still optimistic about Ethereum’s long-term potential. For the crypto community, moves like this can be an indicator of confidence in the Ethereum network.

Read also: Price of 1 Pi Network (PI) in Indonesia Today (8/9/25)

Ethereum Price Stable Despite Whale Moves

As of September 8, 2025, Ethereum (ETH) was trading at around IDR70.4 million ($4,300), slightly up in the last 24 hours according to Coinmarketcap data.

However, ETH hit a new record high of over €80.2 million ($4,900) last month and has gained more than 71% in the past three months. This surge has been largely driven by clearer crypto regulation as well as the heavy inflow of funds into Ethereum ETF products.

Investor optimism is still high, with prediction platform Myriad noting that 73% of its users believe ETH will break IDR81.8 million ($5,000) before 2026. This performance shows that despite profit-taking, Ethereum remains one of the most promising crypto assets in the market today.

Market Sentiment and Macroeconomic Factors

According to Max Shannon, senior researcher at Bitwise, this whale activity is not surprising as ETH balances on exchanges have been steadily declining. He sees this large movement of funds as part of profit-taking, especially after the price surge in recent months. Even so, Shannon still sees a positive outlook for Ethereum in the short term.

Also read: 3 Latest Crypto Airdrops September 2025

Macro factors also come into play. Data from the Bureau of Labor Statistics showed negative results in the non-farm payroll report, the first time since 2020. This increases the chances of a Fed rate cut in September, thus boosting interest in riskier assets including cryptocurrencies. This could be an additional catalyst for ETH to continue its gains.

Can ETH Reach Rp81.8 Million ($5,000)?

Reporting from Decrypt, although many analysts are optimistic, not everyone believes Ethereum can immediately break the psychological level of IDR 81.8 million. One of the reasons is that ETH has already recorded a big rally in recent months.

Psychologically, investors may prefer to switch to other altcoins such as Solana (SOL) that have yet to reach record highs, in pursuit of greater profit potential.

However, the high correlation between Bitcoin (BTC) and Ethereum remains a supporting factor. With a correlation of 0.79, any strengthening of Bitcoin could help push Ethereum up further. This suggests that while challenges remain, the opportunity for ETH to reach a new record remains wide open.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Decrypt. Ethereum ICO Whale Awakens, Stakes $645 Million ETH. Accessed September 8, 2025.
• Featured Image: Generated by AI