Ethereum Whales Move Over $200M From Exchanges as Price Drops 3%

15 Sep, 2025

By Jane Lubale

Senior Author

Expertise : Crypto, Blockchain, Web3, Artificial Intelligence (AI)

Jane Lubale is a crypto journalist and content writer at CoinGape, with a strong focus on blockchain, cryptocurrency, FinTech, and Web3 narratives. Jane holds a Master’s in Business Administration, and a degree in Marketing, and blends this background with her passion for market research and digital marketing to deliver engaging price analysis, thought leadership, and educational content. Her work has also been published in leading crypto media such as Insidebitcoin, where she has contributed to the growing conversation around decentralized technologies. With 5+ years of experience in Decentralized Finance (DeFi), Jane's writing is driven by a mission to educate and empower readers with insights that cut through hype and deliver true value. She achieves this in the form of trading strategies, regulatory updates, or blockchain adoption trends. Away from the keyboard, Jane is a proud mother of three boys and is often found mentoring young people on career paths, personal development, and life choices, as well supporting needy teens complete school. She holds modest investments in cryptocurrency, reflecting her belief in the future of digital finance.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights 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.

Ethereum Faces Selloff Risks As Whales' Unrealized Profit Hits 2021 Highs

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.

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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.

Ethereum Liquidations (Source: Coinglass)

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.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. Why did Ethereum price drop by 3%?

A mix of liquidations, market volatility, and regulatory uncertainty around ETF staking contributed to the dip.

2. What does whale accumulation mean for ETH?

Large withdrawals indicate whales are buying the dip, signaling long-term confidence rather than short-term selling.

3. Could Ethereum rebound soon?

Yes, if weaker hands are shaken out and positive ETF or Federal Reserve news boosts market sentiment, ETH could recover.

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.