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- Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.<\/span><\/li>\n
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.<\/span><\/li>\n
- Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.<\/span><\/li>\n<\/ul>\n
Large Withdrawals and Whale Activity<\/b><\/h2>\n
Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain <\/span>shows<\/span><\/a> a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.\u00a0<\/span><\/p>\n
Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.<\/span><\/p>\n
One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.<\/span><\/p>\n
Major ETH Holders Offload Millions Amid Price Rally<\/b><\/h2>\n
In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 <\/span>sold<\/span><\/a> 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.<\/span><\/p>\n
A different <\/span>whale sold<\/a> 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.\u00a0<\/span><\/p>\n
Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.\u00a0<\/span><\/p>\n
Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.<\/span><\/p>\n
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The #EthereumFoundation<\/a>-linked wallet(0xF39d) sold another 1,300 $ETH<\/a>($5.87M) at $4,518 ~11 hours ago.<\/p>\n
Over the past 3 days, this wallet has sold a total of 6,194 $ETH<\/a>($28.36M) at an average price of $4,578.https:\/\/t.co\/4hfCWymHVG<\/a> pic.twitter.com\/ErUyEY8SJy<\/a><\/p>\n
\u2014 Lookonchain (@lookonchain) August 15, 2025<\/a><\/p>\n<\/blockquote>\n
Network Activity on the Rise<\/b><\/h2>\n
CryptoQuant data shows Ethereum\u2019s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.<\/span><\/p>\n
<\/a> Source: CryptoQuant<\/a><\/figcaption><\/figure>\n Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.\u00a0<\/span><\/p>\n
At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.<\/span><\/p>\n
![\"Ethereum](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total.png\")
<\/a>Source: CryptoQuant<\/a><\/figcaption><\/figure>\n In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.<\/span><\/p>\n
The post Ethereum Foundation, Whales, and Hackers: What\u2019s Driving the ETH Sell-Off?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.<\/span><\/li>\n