What Do Crypto Whales Do When Ethereum (ETH) Sets a Record at $4,900?

Jakarta, Pintu News – Crypto markets have recently witnessed significant activity, especially over the weekend, where crypto “whales” increased volatility across various assets including Bitcoin (BTC), Ethereum (ETH) and others. Although the total market capitalization decreased by 2.2%, Ethereum (ETH) managed to reach a new record high.

Check out the full analysis below!

Whale Ethereum: Take Profit and Double Investment

Amidst Ethereum’s (ETH) record highs, some whales decided to take advantage. According to a report from OnChain Lens on X (formerly Twitter), a whale who had held 1,962 ETH for 11 years transferred the asset to OKX and made a profit of $4.7 million.

On the other hand, EmberCN on-chain analysts noted that an unknown hacker bought 5,001 ETH on August 21 at $4,352 per ETH using 21.76 million DAI.

Four days later, the hacker sold it for $4,760 per ETH, making a profit of $2.04 million. Currently, the hacker has approximately $46.13 million in stablecoins.

Also read: 3 US Economic Indicators That Could Affect Crypto Markets This Week

Divergent Strategies and Long Positions

While some whales are taking profits, there are also those showing confidence in Ethereum’s (ETH) potential with different strategies. Loookonchain highlights three new wallets that are making big bets on Ethereum (ETH).

In addition, another Ethereum (ETH) whale moved 10,000 ETH worth approximately $47.68 million out of Kraken. On August 23, an old Bitcoin (BTC) whale switched to Ethereum (ETH), exchanging 4,300 Bitcoin (BTC) to buy Ethereum (ETH).

Then, the investor used another 6,000 Bitcoin (BTC) to buy Ethereum (ETH). To date, he has bought 278,490 ETH at an average price of $4,585 and still holds a long position of 135,265 ETH worth $581 million.

Read also: Japan Directs Web3 to Boost Domestic Economic Growth, What’s the Strategy?

Whale Activity in Other Altcoins

Although Ethereum (ETH) dominated whale attention, activity was not limited to that asset alone. Other altcoins also saw large transactions. One whale sold 123,500 Chainlink (LINK) tokens worth $3.13 million USDC and diverted the proceeds to Compound and Aave for yield.

In addition, another investor sold 2.038 million Aerodrome Finance (AERO) tokens for $2.89 million USDC, securing a profit of $1.04 million. An investor also transferred 12 million Bio Protocol (BIO) tokens to Binance, achieving a 4.5-fold gain. Finally, a new wallet withdrew 80,254 Solana (SOL) tokens worth $16.28 million from Binance.

Conclusion

Whale activity over the weekend reflected a combination of profit-taking and strategic accumulation. While some investors secured millions of dollars in profits, others doubled their investments in Ethereum (ETH) and other altcoins, highlighting their continued influence on market trends.

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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

• BeInCrypto. Crypto Whales Activity on Ethereum Hits High. Accessed on August 26, 2025
• Featured Image: FX Empire