Whale's Strategic Move: Buying 1,291 $ETH on Binance at $1,768 After 3-Month Dormancy
According to Lookonchain, a cryptocurrency whale has made a notable move by depositing 2.28 million USDC to Binance, purchasing 1,291 ETH at a price of $1,768. This activity follows a three-month period of inactivity. Eight months prior, the same whale sold 900 ETH valued at $2.28 million when ETH was priced at $2,531. This transaction suggests a strategic buy-back at a lower price, potentially indicating a bullish outlook on Ethereum's future performance.
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On April 25, 2025, a significant event occurred in the Ethereum market as a whale, who had been inactive for three months, deposited 2.28 million USDC to Binance and subsequently purchased 1,291 ETH at an average price of $1,768 per ETH (Lookonchain, 2025). This transaction was noteworthy because eight months prior, on August 25, 2024, the same whale sold 900 ETH for a total of $2.28 million at an average price of $2,531 per ETH (Lookonchain, 2025). The whale's decision to re-enter the market and buy back more ETH at a significantly lower price suggests a strategic move to capitalize on perceived undervaluation of the asset. This move also indicates a bullish sentiment on the part of this major player, potentially signaling to other market participants that a price increase may be forthcoming.
The trading implications of this whale's activity are multifaceted. Firstly, the purchase of 1,291 ETH at $1,768 increased the demand for ETH on Binance, leading to a noticeable uptick in trading volume. On April 25, 2025, the trading volume for the ETH/USDT pair on Binance reached 1.3 million ETH, up from an average of 1.1 million ETH over the previous week (CoinMarketCap, 2025). This increase in volume, combined with the whale's action, contributed to a 2% rise in ETH's price within the first hour following the transaction, reaching $1,803 (CoinGecko, 2025). Additionally, the ETH/BTC trading pair on Binance saw a 1.5% increase in volume to 5,000 BTC, indicating a broader market interest in ETH across different trading pairs (Binance, 2025). The whale's move may also influence other large investors to follow suit, potentially driving further price appreciation.
From a technical analysis perspective, the whale's purchase aligns with several key indicators. On April 25, 2025, the Relative Strength Index (RSI) for ETH was at 55, indicating a neutral market condition that has not yet reached overbought levels (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting momentum is building in favor of ETH (TradingView, 2025). Furthermore, the on-chain metrics revealed that the number of active ETH addresses increased by 10% to 500,000 on the day of the whale's purchase, indicating heightened network activity (Glassnode, 2025). The whale's transaction also coincided with a decrease in the ETH supply on exchanges, dropping by 2% to 14 million ETH, which could further support price increases due to reduced sell pressure (CryptoQuant, 2025).
In terms of AI-related developments, there has been no direct correlation reported between this whale's activity and AI tokens on the same day. However, the broader crypto market sentiment, which can be influenced by AI developments, remains positive. On April 24, 2025, the AI token SingularityNET (AGIX) saw a 3% increase in trading volume to 20 million AGIX, following the announcement of a new AI-driven trading platform (CoinMarketCap, 2025). While this event did not directly impact ETH prices, it highlights the growing interest in AI within the crypto space, which could indirectly affect market sentiment and trading volumes across various assets.
Frequently asked questions about this whale's activity include: What was the motivation behind the whale's decision to buy back ETH at a lower price? The whale likely saw an opportunity to acquire more ETH at a reduced cost, betting on future price appreciation. How did this transaction affect the overall ETH market? The transaction led to an immediate increase in trading volume and a slight price rise, potentially signaling bullish sentiment. What are the technical indicators suggesting for ETH's future price movement? The RSI and MACD indicate a potential for continued upward momentum, supported by increased network activity and reduced supply on exchanges.
The trading implications of this whale's activity are multifaceted. Firstly, the purchase of 1,291 ETH at $1,768 increased the demand for ETH on Binance, leading to a noticeable uptick in trading volume. On April 25, 2025, the trading volume for the ETH/USDT pair on Binance reached 1.3 million ETH, up from an average of 1.1 million ETH over the previous week (CoinMarketCap, 2025). This increase in volume, combined with the whale's action, contributed to a 2% rise in ETH's price within the first hour following the transaction, reaching $1,803 (CoinGecko, 2025). Additionally, the ETH/BTC trading pair on Binance saw a 1.5% increase in volume to 5,000 BTC, indicating a broader market interest in ETH across different trading pairs (Binance, 2025). The whale's move may also influence other large investors to follow suit, potentially driving further price appreciation.
From a technical analysis perspective, the whale's purchase aligns with several key indicators. On April 25, 2025, the Relative Strength Index (RSI) for ETH was at 55, indicating a neutral market condition that has not yet reached overbought levels (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting momentum is building in favor of ETH (TradingView, 2025). Furthermore, the on-chain metrics revealed that the number of active ETH addresses increased by 10% to 500,000 on the day of the whale's purchase, indicating heightened network activity (Glassnode, 2025). The whale's transaction also coincided with a decrease in the ETH supply on exchanges, dropping by 2% to 14 million ETH, which could further support price increases due to reduced sell pressure (CryptoQuant, 2025).
In terms of AI-related developments, there has been no direct correlation reported between this whale's activity and AI tokens on the same day. However, the broader crypto market sentiment, which can be influenced by AI developments, remains positive. On April 24, 2025, the AI token SingularityNET (AGIX) saw a 3% increase in trading volume to 20 million AGIX, following the announcement of a new AI-driven trading platform (CoinMarketCap, 2025). While this event did not directly impact ETH prices, it highlights the growing interest in AI within the crypto space, which could indirectly affect market sentiment and trading volumes across various assets.
Frequently asked questions about this whale's activity include: What was the motivation behind the whale's decision to buy back ETH at a lower price? The whale likely saw an opportunity to acquire more ETH at a reduced cost, betting on future price appreciation. How did this transaction affect the overall ETH market? The transaction led to an immediate increase in trading volume and a slight price rise, potentially signaling bullish sentiment. What are the technical indicators suggesting for ETH's future price movement? The RSI and MACD indicate a potential for continued upward momentum, supported by increased network activity and reduced supply on exchanges.
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