27-8-2025 – A long-dormant Ethereum whale has purchased 6,334 ETH valued at $28.08 million from Kraken, marking a significant move as the cryptocurrency experiences a sharp decline. The wallet, inactive since 2021, executed the transaction on Tuesday, withdrawing the assets in a period when Ether has fallen over 13% since Sunday, dropping from above $5,000 to around $4,315.
This activity, first reported by Cointelegraph citing analyst CryptoGoos, coincides with broader market signals of accumulation. Other notable actions include Bitstamp transferring 20,000 ETH to an unknown wallet, a whale staking $2.55 billion in ETH via Hyperliquid on Monday, and BitMine adding $252 million worth of ETH over the past week, bringing its total holdings to 797,704 ETH valued at $3.7 billion.
These inflows underscore institutional confidence in Ethereum’s recovery potential, with spot Ethereum ETFs drawing over $1 billion since August 21, nearly offsetting prior outflows of $925.7 million. Analyst GalaxyBTC highlighted the rebound as forming a “V-shaped” recovery, reminiscent of previous cycle lows, while Geoffrey Kendrick of Standard Chartered forecasts ETH reaching $7,500 by year-end.Traders should watch upcoming ETF flow data and whale movements for further signs of sustained buying pressure.
