450 million dollars worth of Ether was purchased by 9 crypto whales.

Recently, whales are preferring Ether over Bitcoin. According to the information provided by the crypto tracking platform Arkham, 9 major addresses have purchased 456.8 million dollars worth of Ether in recent days. 5 of these addresses made ETH purchases through Bitgo, while the others did so through Galaxy Digital.

As a reminder, on Sunday a whale with a total of more than 11 billion dollars in Bitcoin sold more than 2.5 billion dollars worth of Bitcoin and made purchases of Ether in both spot and futures markets.

Experts believe that during bullish periods, Ether and altcoins can gain value more quickly compared to Bitcoin. This situation accelerates the transition to coins that are much more volatile and smaller than the largest cryptocurrency.

The blockchain analysis platform Nansen stated in its latest shared data that traders referred to as “smart money” are gradually transitioning to altcoins.

He had set fire to the Bitmine

Switch to Ether gained significant momentum with the purchases of the Bitmine company, which set an ETH treasury strategy at the end of June. At that time, Ether was trading above 2,000 dollars, and with the billions of dollars in purchases from Bitmine and Sharplink companies, it showed a serious increase and broke its record from 2021 after 4 years. The Bitmine company holds approximately 9 billion dollars worth of ETH, while the SharpLink company holds approximately 4 billion dollars worth of ETH.

Published: August 27, 2025 15:38Last Updated: August 27, 2025 15:46