Ethereum Whale Moves 18,000 ETH to Bitstamp, Is a Sell Wave Next?

Ethereum Whale Moves: Rising Institutional ETH Buying Shift Sentiment

Why did a long-time Ethereum holder suddenly move 18,000 ETH to Bitstamp today? This question is being asked by many traders as Ethereum Whale Moves become increasingly active on November 29.

Fresh whale transfers, large institutional buys, and growing ETF inflows have all hit the crypto market at once. Investors are keen to know whether the market is setting up for a sell wave or yet another strong rally amid so much activity. 

Whale Sends 18,000 ETH to Bitstamp on November 29

An Ethereum OG wallet that has been active since 2017 transferred 18,000 ETH ($54.78M) to Bitstamp on November 29 as reported by Lookonchain. This is one of the largest Ethereum Whale Moves seen this week.

Source: X (formerly Twitter) 

The OG originally collected 154,076 ETH at an average of $517, later selling 87,824 ETH at $1,694. 

The wallet still holds 66,252 coins worth around $201 million, making a lifetime profit of nearly $270M. 

Whale transfers to exchanges usually suggest selling pressure, so traders are watching the market closely.

Institutional Buying Grows Even as Whales Move Funds

While the OG might be preparing to sell, the opposite trend is happening among institutions.
Tom Lee’s Bitmine bought 20,532 ETH ($63.32M) today, just hours after adding 14,618 coins ($44.34M). 

BlackRock also recently purchased $88.22M worth of this digital asset, contributing to a larger $589M buying streak.

ETF inflows are strengthening too according to sosovalue. As of today:

• Daily Total Net Inflow: $8.28M

• Weekly Inflows:

• Nov 26, 2025: $236.07M

• Nov 21, 2025: -$500.25M (a sharp rebound from this outflow)

These trends show institutions treating this cryptocurrency as a long-term store of value, even when some whales are moving funds to sell.

Ethereum Price Holds Steady with Technical Support

Ethereum price is trading at $3,023, up 0.65% in the last 24 hours and about 10% on the week. The price bounced from the 200-week moving average at $2,626, showing strong long-term support. 

Source: CMC

Other indicators include:

• MACD: Turning Bullish

• RSI: Around 41, suggesting neutral momentum

• Key Resistance: $3,260

• Key Breakout Level: A close above $3,300 could push the price toward $3,443

Despite the mixed market mood, ETH has held up well compared to other major coins. 

Tokenization Trend and Fusaka Upgrade Boost Confidence

Amundi, Europe’s biggest asset manager, recently launched an Ethereum-based tokenized fund. This is a strong signal that regulated finance is moving toward this digital asset.

On top of that, Vitalik confirmed the December 3 Fusaka Upgrade, which is expected to improve speed, lower costs, and support more users. Developers believe this may push the cryptocurrency into a new growth phase. 

Conclusion

The rise in Ethereum Whale Moves on November 29 shows a market filled with both caution and confidence. While one OG whale may be preparing to sell, institutions continue to buy heavily. 

With ETF inflows recovering, tokenization growing, and a major upgrade on the way, Ethereum’s long-term story still looks strong even if short-term volatility increases.

Disclaimer: This article is for educational purposes only crypto market can be volatile, kindly do your own research before investing.