You Won’t Believe What These Giant Crypto Fish Did with Their Ethereum (ETH)!

Oy vey, Ethereum investors are kvetching again! The whales—we’re not talking SeaWorld, we’re talking those digital bigwigs like Galaxy Digital—are bailing on ETH so fast, you’d think Vitalik announced he’s pivoting to Beanie Babies. 🐳💸

Let’s break it down: who’s panic-selling, who’s buying, and who can’t decide if today’s ETH is tomorrow’s gefilte fish.

The Sell-Offs: It’s a Crypto Clearance Sale!

According to CryptoPotato (where else but a vegetable would I get my crypto news?), the beefy investors—you know, the ones whose wallets are heavier than a deli sandwich—dumped their ETH faster than a hot potato. (See what I did there?) Galaxy Digital? They swapped ETH for SOL. Why? Maybe they love the sun. 🌞 Maybe they ran out of faith. Who can say?

Prices nosedived to $1,400 this month, which isn’t the bottom, but it’s lower than my cousin Murray’s standards on JSwipe. Then—boom!—ETH bounces back to $1,800, because apparently the only direction is up… unless it’s down five minutes later.

Ali Martinez crunched the numbers (on a real calculator, because abacus sales are down): whales offloaded 262,000 ETH after the price uptick. That’s roughly $445 million. I know, my mother’s brisket recipe isn’t worth that much either.

Whales took advantage of the recent price surge, selling 262,000 #Ethereum $ETH, worth around $445 million.
— Ali (@ali_charts) April 29, 2025

Galaxy Digital is shoving ETH onto exchanges like it’s Black Friday at Costco. Last drop? 23,900 ETH—over $42 million! Meanwhile, some poor confused whale bought 15,000 ETH at $1,801, then flipped it three hours later at a loss. Maybe someone spooked him with the Ghost of Bitcoin Past. 👻📉

This whale just sold all 10,511 $ETH($19.2M) at $1,828 again.
— Lookonchain (@lookonchain) April 29, 2025

But Wait! Not Everyone’s Running Screaming from the Room

If you thought this was a total Greek tragedy, surprise! Some folks are using this dip as their own personal shopping spree. Ethereum activity is up 10%—probably because everyone’s checking their wallets in horror. Even ETFs are positive. (No, not the kind you pack for a picnic. Stay with me!)

Get this: Wallets linked to Cumberland have yanked over $50 million in ETH out of every exchange this side of the Mississippi. So, while some are acting like the ship is going down faster than the Titanic, others are buying up ETH like it’s going out of style. 🛒

It seems that whales/institutions are accumulating $ETH!
Over the past 3 hours, a wallet linked to #Cumberland has withdrawn 27,632 $ETH($50.24M) from #Copper, #Binance, and #Coinbase.
— Lookonchain (@lookonchain) April 29, 2025

To top it off, BlackRock is bringing $150 billion (with a B!) to tokenize Treasury funds on Ethereum. Because nothing says cutting-edge crypto like Wall Street’s finest jumping into the pool. Don’t worry, they probably brought floaties. 🏊‍♂️

So, should ETH investors be worried? Maybe. Maybe not. Either way, keep the antacids handy and your crypto cold wallet colder. L’chaim!

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2025-04-30 09:38