NewsletterEthereum Whales Move Over $200M From Exchanges as Price Drops 3%
Highlights
- Ethereum whales moved over $200 million from major exchanges, including Binance, Kraken, Bitget, and FalconX.
- ETH price dropped 3% amid heavy liquidations, wiping out $108 million in long positions.
- Whale accumulation signals long-term confidence, even as retail traders face losses and market uncertainty persists.
Ethereum (ETH) experienced a drop of around 3% in the past 24 hours, to trade near $4,513.50 today. This happened as the crypto market saw heightened activity. On-chain data from Lookochain reveal that Ethereum whales have actively been moving ETH worth over $20 million from exchanges such as Binance, FalconX, Kraken, and Bitget. Let’s dive into the details.
Ethereum Whales Scoop Up ETH
Lookonchain reported several large withdrawals on Monday, September 15, 2025. Within just 40 minutes, a newly created wallet 0x4d43 withdrew 4,208 ETH, worth about $19.5 million from Binance. Another new wallet, 0x9D99, pulled a total of 5,297 ETH ($24.7 million) from Binance and Bitget. A different whale address 0x7451 moved 13,322 ETH (around $61.6 million) from FalconX.
Kraken experienced the biggest move with wallet 0x9d2E, withdrawing around 21,925 ETH, worth about $102 million. The Ethereum whale accumulation adds up to over $208 million.
- Ethereum Whales Withdrew ETH From Kraken (Source: Lookonchain)
Why the Ethereum Price Drop?
The moves by Ethereum whales come at a time when the ETH price has experienced a 3% drop in the past day, trading at around $4,515.
The price dip can be attributed to a wave of liquidations in the derivatives market. CoinGlass data shows that over $108 million worth of ETH has been liquidated in the past 24 hours. Around 86% in long positions have been wiped out.
Another driving factor is the regulatory uncertainty that is affecting the market sentiment. The decision as to whether BlackRock can include staking in its Ethereum ETF has been delayed. The U.S. Securities and Exchange Commission (SEC) has postponed the approval to October 30. Similar proposals from 21Shares and Grayscale have their deadlines extended too.
What does Ethereum Whales Activity Mean?
The crypto market today interprets the withdrawals from exchanges as a bullish signal. This indicates accumulation of the token and long-term holding rather than short-term selling. However, the dropping of the Ethereum price within the whale accumulations shows the market is caught between long-term confidence as a result of whale accumulation or short-term selling pressure from cautious sentiment and liquidations.
Final Thoughts: Fear and Opportunity
Although retail traders are recording losses from long liquidations, whale confidence is standing out. Should weak hands get eliminated, Ethereum could recover. This could be fueled by positive news around ETF staking or if the Federal Reserve moves ahead with the rate cuts expected as soon as this week. The market is in a tag of war for now, with Ethereum’s whales taking advantage of the dip, while retail traders are left feeling the squeeze from liquidations.
Frequently Asked Questions (FAQs)
1. Why did Ethereum price drop by 3%?
2. What does whale accumulation mean for ETH?
3. Could Ethereum rebound soon?
- Uniswap Launches UNIfication to Overhaul Governance Model: Report
- Vivek Ramaswamy’s Strive Acquires $162M in Bitcoin, Surpasses Galaxy Digital in BTC Holdings
- Bitcoin News: BTC Exchange Reserves Fall as Tether Mints $1B USDT
- Breaking: U.S. Treasury And IRS Issue New Guidance For Crypto ETFs To Stake Digital Assets
- Fed’s Stephen Miran Says a 50 bps December Rate Cut Is ‘Appropriate’
- HBAR Price Prediction: Analyst Eyes 90% Surge Amid Taker Buy Dominance
- Expert Predicts 200% Shiba Inu Price Surge as Open Interest, Burn Rate Spikes
- Solana Price Eyes $200 This Week as Spot ETFs Lead $137M Inflows
- Pi Network: What’s Keeping Pi Coin Price $0.30 Below?
- What to Expect from Dogecoin, Shiba Inu, Bitfrac and Cardano Prices Now?
- After a 7% Pump, Will FUNToken Continue to Keep the Momentum?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
