Major ETH Accumulation: Whale Pulls Another 5500 Tokens Off Exchange Amid Price Volatility

DeFiGrayling · 2026-01-19T14:34:55+00:00

A whale has withdrawn 5,500 ETH from exchanges, adding to a total of 34,415.46 ETH over three weeks, valued at around $107 million. This strategic accumulation suggests confidence in Ethereum’s long-term prospects despite a current paper loss of $7 million.

DeFiGrayling

2026-01-19 14:34:55

Abstract generation in progress

A significant whale movement just hit the radar—a major ETH holder withdrew 5500 tokens from an exchange just an hour ago, adding to an impressive accumulation spree over the past three weeks.

The Numbers Behind the Move

The latest extraction is valued at approximately $16.09 million at current market rates. What’s more striking is the broader pattern: since December 5th, this whale has steadily pulled out a massive 34,415.46 ETH from exchanges, totaling around $107 million in value. This consistent off-exchange activity suggests a deliberate long-term accumulation strategy rather than speculative trading.

Cost Basis and Current Position

The whale’s average entry point stands at $3,131.11 per ETH across these withdrawals. With Ethereum currently trading at $3.21K, the position is underwater by approximately $7.162 million in paper losses. However, the strategic nature of the accumulated withdrawals—spread over weeks rather than concentrated in a single move—indicates the whale may be playing the long game.

What This Signal Means

The recurring pattern of exchange outflows, especially after a three-day pause, suggests confidence in ETH’s medium to long-term prospects. Whale accumulation during periods of market consolidation historically precedes bullish moves, as large holders typically load positions before significant price recoveries. The fact that this entity is content holding a $7+ million paper loss while continuing to accumulate speaks to conviction.

Market participants often monitor such on-chain activities as they can indicate directional bias among sophisticated investors. The consistency and scale of these withdrawals make this particular whale’s behavior a noteworthy indicator worth tracking in the coming weeks.

ETH1,04%

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