Ethereum Whale Buys $127M ETH Amid Market Panic

The main event sees an unidentified Ethereum whale purchase 48,825 ETH worth approximately $127 million during a severe market downturn revealed by Lookonchain on June 13, 2025. The whale is noted for prior profitable trades.

This activity underscores the whale’s continued confidence in Ethereum, potentially stabilizing market sentiment. It highlights the strategic movements of major traders during volatile periods, often reversing downtrends sparked by panic selling.

The event follows the whale’s history of strategic Ethereum accumulation , profiting significantly in the past. A total of 48,825 ETH was purchased, contributing to nearly $174.1 million invested since June 11, 2025. Lookonchain disclosed these transactions, identifying purchase from Coinbase and Wintermute.

“A mysterious trader spent $127M to buy 48,825 $ETH amid panic selling, showing continued strong conviction in ETH’s long-term value.” – Lookonchain, On-chain Analytics Account, Twitter/X

During the purchase, trading volume in Ethereum surged 18% on major exchanges like Binance and Coinbase. There was a 12% increase in Ethereum’s net exchange outflows , indicating a long-term holding intent. Large accumulations are seen as a bullish sign for the market.

Whale purchases align with historical trends where substantial investments during downturns trigger price floors and upticks. The buys mirror past events from 2023 and 2024, both of which were followed by notable price rallies in Ethereum and related assets.

The whale’s actions spotlight potential market optimism. Regulatory bodies have not commented on this purchase, and market analysts continue to watch for further moves. Ethereum community sentiment remains alert for changes, yet developer activity and upgrades remain unaffected.