A whale who has been sleeping for seven years has transferred 750 BTC to Binance
Amid the correction, major Bitcoin and Ethereum holders are demonstrating contradictory strategies. Some are taking profits, while others are buying up on the decline.
Lookonchain analysts have drawn attention to a whale who “woke up” after 12 years and transferred 750 BTC ($83.3 million) to Binance.
A Bitcoin OG “bc1qlf” sold another 750 $BTC($83.11M) in the past 2 hours.
12 years ago, he received 5K $BTC($1.66M then) at only $332 and only started selling after $BTC broke $90K in December 2024.
He has sold 1,750 $BTC($189.3M) at $108,160 avg, leaving 3,250 $BTC($360.75M).… pic.twitter.com/m3G3lhgm9C
— Lookonchain (@lookonchain) August 27, 2025
The crypto investor bought the coins in 2013, when Bitcoin was trading at $332, and began selling them in December last year. According to on-chain experts, his profit amounted to $510 million.
According to Arkham, after the last transaction, the whale still had 750 BTC left on its balance, and 2,500 BTC (~$276.5 million) in its associated wallet.
A user named Doxxed suggested that the investor was preparing to buy Ethereum. Experts previously reported on another major holder of digital gold, who became active for the first time in seven years and bought 62,914 ETH ($270 million) on the spot market.
Lookonchain noted that the address may be linked to another whale who made a similar transaction. On August 21, he sold 670 BTC ($76 million) to buy 68,130 ETH ($295 million).
Ethereum whales are taking advantage of the moment
On August 26, an Ethereum whale, inactive since 2021, withdrew 6,334 ETH ($28 million) from the Kraken exchange, an analyst using the pseudonym CryptoGoos reported.
After 4 years of silence…
This whale just bought $28M worth of $ETH.
He knows something. pic.twitter.com/DQIgDFy6AG
— CryptoGoos (@crypto_goos) August 26, 2025
According to CoinGecko, over the past few days, the Ethereum rate has fallen by 13% – from $4,900 to $4,300. Experts believe that large investors have seen the correction as a good time to accumulate the asset.
A larger operation was carried out by another unknown participant, who bought $2.55 billion worth of Ethereum through Hyperliquid and locked it in staking.
Arkham also reported that nine whale-linked addresses purchased $456.8 million worth of Ether, five of which made the trades through the BitGo platform and the rest through the Galaxy Digital OTC platform.
9 WHALE ADDRESSES JUST BOUGHT $450M OF ETH
9 massive addresses just bought a total of $456.8 MILLION USD of ETH. 5 of these addresses received from Bitgo while the remainder purchased their ETH with Galaxy Digital OTC.
Whales are buying $ETH.
Addresses:… pic.twitter.com/TceZQlng6w
— Arkham (@arkham) August 26, 2025
Demand for Ethereum continues to grow from the corporate sector as well. Over the past week, BitMine has purchased $2.2 billion worth of the cryptocurrency, bringing its reserves to 1.7 million ETH worth $7.9 billion.
Meanwhile, ether-based spot ETFs have attracted more than $1 billion since August 21, recouping previous outflows.
At the time of writing, ETFs and publicly traded firms manage over 9% of Ethereum's total supply.
Source: Strategic ETH Reserve.
Recall that in August, Standard Chartered's head of digital asset research, Jeffrey Kendrick, called Ethereum and the companies that own it undervalued.
Source: cryptonews.net
