Ronny Mugendi
30-08-2025
A major Bitcoin whale holding over $5 billion has resumed Ethereum buying activity after a two-day pause. The whale sold 1,000 BTC worth $108.27 million to Hyperliquid and converted it directly into spot Ethereum.
This investor had already purchased 641,508 ETH worth $2.94 billion and is still buying. In addition, according to Arkham, the whale recently transferred $1.1 billion in BTC into a new wallet to buy additional crypto.
Ethereum addresses, according to CryptoQuant, hold a record of 24.3 million ETH of accumulation, indicating an increasing investor confidence. These wallets are continuously adding ETH without selling, a signal of long-term conviction in the market.
Ronny Mugendi is an experienced crypto journalist with four years of professional expertise, having made substantial contributions to multiple media platforms covering cryptocurrency trends and innovations. With more than 4,000 published articles to his name, he is dedicated to informing, educating, and bringing more people into the world of Blockchain and DeFi. Beyond his journalism work, Ronny finds excitement in bike riding, enjoying the adventure of exploring fresh trails and landscapes.
Ronny Mugendi is an experienced crypto journalist with four years of professional expertise, having made substantial contributions to multiple media platforms covering cryptocurrency trends and innovations. With more than 4,000 published articles to his name, he is dedicated to informing, educating, and bringing more people into the world of Blockchain and DeFi. Beyond his journalism work, Ronny finds excitement in bike riding, enjoying the adventure of exploring fresh trails and landscapes.
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