{"id":3629,"date":"2025-03-23T05:11:08","date_gmt":"2025-03-23T05:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-whales-pounce-on-the-dip-snag-236-million-in-eth\/"},"modified":"2025-03-23T05:11:08","modified_gmt":"2025-03-23T05:11:08","slug":"ethereum-whales-pounce-on-the-dip-snag-236-million-in-eth","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-whales-pounce-on-the-dip-snag-236-million-in-eth\/","title":{"rendered":"Ethereum Whales Pounce On The Dip, Snag $236 Million In ETH"},"content":{"rendered":"

Some crypto traders might see Ethereum\u2019s price decline as a bad sign for their investments and could be pondering if they should offload their holdings.<\/p>\n

Meanwhile, whales view the altcoin\u2019s price dip as an opportunity that they must seize by increasing their holdings while the price is down, leading to large investors buying a huge volume of Ethereum in the last three days.<\/p>\n

ETH Trading Below $2,000<\/strong><\/h2>\n

Analysts said that Ethereum’s price<\/a> continues to fall as the broader cryptocurrency market is currently experiencing a challenging situation.\u00a0<\/p>\n

Data showed that the world\u2019s largest altcoin struggles to gain an upward momentum and continue to stumble below $2,000.<\/p>\n

As of writing, Ethereum is traded at $1,988 per coin, with a market cap of nearly $240 billion.<\/p>\n

According to CoinGecko, since ETH hit $3,640 per coin on January 6, the crypto has been steadily decreasing in value with its first major dip happening on January 14, after hitting $3,007.\u00a0<\/p>\n

On February 3, the coin slid further reaching $2,460 and dropped to $2,100 on February 28. Ethereum hit below $2,000 for the first time on March 11. Since then, ETH has been having trouble keeping itself above $2,000.<\/p>\n

\n

Whales bought over 120,000 #Ethereum<\/a> $ETH<\/a> in the last 72 hours! pic.twitter.com\/kuZY6u9drS<\/a><\/p>\n

\u2014 Ali (@ali_charts) March 21, 2025<\/a><\/p>\n<\/blockquote>\n

An Opportunity In The Dip?<\/strong><\/h2>\n

Ethereum struggling to maintain itself at the $2,000 level might worry many crypto traders, but large-scale investors saw an opportunity in the price dip. \u00a0Whales<\/a> used this situation to buy more ETH and further increase their holdings.<\/p>\n

\"\"<\/p>\n

Crypto analyst Ali Martinez commented in a post that ETH price decline attracted large investors to increase their buying activity. \u201cWhales bought over 120,000 #Ethereum $ETH in the last 72 hours,\u201d Martinez said.<\/p>\n

The analyst presented a chart that showed a spike in the whale ETH accumulation coinciding with the coin\u2019s price decline, adding that Ethereum\u2019s retreat allowed whales to acquire more than 120,000 ETH tokens with a value of about $236 million and they only did that in three days.<\/p>\n

\u201cThat’s a significant move by the whales! Their accumulation often indicates confidence in the market. It\u2019s fascinating to see how these big players can influence price trajectories,\u2019 Agent Snek commented on Martinez\u2019s post.<\/p>\n


\nWhale Buys Over 7,000 ETH<\/strong><\/p>\n

Meanwhile, data analytics platform Lookonchain tracked a whale<\/a> who added nearly $14 million worth of ETH.<\/p>\n

\u201cA whale bought 7,074 $ETH($13.8M) today! The whale withdrew 4,511 $ETH($8.81M) from #OKX 3 hours ago and deposited it into #Aave,\u201d Lookonchain said in a post.<\/p>\n

The analyst added that the whale did not stop depositing in Aave, a decentralized finance platform. The large investor borrowed five million USDT from Aave and put it into OKX to purchase an additional 2,563 ETH tokens worth $5 million.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Some crypto traders might see Ethereum\u2019s price decline as a bad sign for their investments and could be pondering if they should offload their holdings. Meanwhile, whales view the altcoin\u2019s price dip as an opportunity that they must seize by increasing their holdings while the price is down, leading to large investors buying a huge…<\/p>\n","protected":false},"author":1,"featured_media":3630,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[219],"tags":[220,98,254,138,102,1443,489],"class_list":["post-3629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoin","tag-altcoins","tag-cryptocurrency","tag-eth","tag-ethereum","tag-network","tag-whales"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3629"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3630"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}