3 Important Facts Behind the $213 Million Crypto Whale Action with Ethereum (ETH)

Jakarta, Pintu News – The cryptocurrency market has been shocked again by the action of whales making large moves against Ethereum (ETH). On August 27, 2025, on-chain monitoring platform Whale Alert reported a large deposit of ETH into Coinbase worth more than Rp3.48 trillion ($213 million). This move sparked speculation about the market’s next direction. Here are three interesting facts to note regarding this major action.

1. Giant Transaction: 33,622 ETH Goes to Coinbase

According to Whale Alert, a total of 33,622 ETH was transferred in two large transactions in just a matter of minutes. The value amounted to more than Rp3.48 trillion, making it one of the biggest on-chain transactions of the week.

Typically, large deposits of digital assets to crypto exchanges are seen as a signal of possible massive sales by whales or large institutions. This is because funds moved to exchanges are easier to sell than kept in personal wallets.

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2. Whale Action Amid Market Rebound

Interestingly, this transaction occurred when the market was experiencing a rebound, with the prices of major altcoins such as Ethereum (ETH), Ripple (XRP), and Solana (SOL) rising significantly. However, this whale action signals fears of a potential further correction.

According to U.Today’s analysis, this move could be a whale strategy to secure profits after a short rally. The long market correction seems to have weakened confidence, making large investors opt out of their positions.

3. Ethereum Remains Stable Amid Concerns

While this whale action sparked bearish speculation, the price of Ethereum (ETH) continues to show stability. On August 28, ETH was trading at around $4,642, with a gain of almost 3% in the last 24 hours.

Some observers argue that these large transactions do not necessarily mean a full-fledged sell-off. It could be a form of portfolio redistribution by institutions, with no direct intention to offload ETH on the open market.

Conclusion

This $213 million Ethereum whale action is indicative of the complex dynamics at play in the crypto market. While it could be a bearish signal, ETH’s price stability suggests that not all big moves lead to selling pressure. Investors should continue to watch the whales’ moves as an important indicator in predicting the next price trend.

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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:

• U.Today. Ethereum Whales Return with $213 Million ETH Purchase: What’s Happening. Accessed on August 28, 2025