Ethereum Slides to Two-Month Low After Whale Buys 20,000 ETH

Published at 2026-01-30 11:15:24

Ether fell to roughly $2,600 on Friday, marking a two-month low as risk appetite in crypto softened. On-chain trackers recorded a single whale scooping up 20,000 ETH in a roughly $56.03 million trade — an average near $2,800 per coin — a notable accumulation that occurred amid the downward move.

While the large buy offers a measure of support and could signal longer-term confidence, broader market conditions still look strained. Reclaiming $3,000 will likely depend on renewed Bitcoin strength, sustained inflows to long-term holders, and a drop in exchange selling; traders will be watching on-chain flows and options activity to gauge whether this whale purchase starts a larger accumulation trend or remains an isolated, contrarian bet.

WhalesEthereumOn-ChainMarketsPrice

Share on:

BlackRock has tapped Galaxy Digital to serve as a validator for ETHB, its staked-Ethereum ETF, after the fund’s assets topped $435 million on April 8. The appointment broadens the ETF’s validator roster and reflects rising institutional interest in ETH staking.

Galaxy DigitalEthereumETHBBlackRockStakingETFs

Published at 2026-04-09 21:45:38

Tom Lee’s BitMine Uplists to NYSE as Ethereum Firm Boosts Buybacks to $4B

BitMine Immersion Technologies, the Ethereum-focused treasury vehicle associated with Tom Lee, said Thursday it has increased its share buyback authorization to $4 billion and completed an uplisting to the New York Stock Exchange. The moves are aimed at tightening supply and expanding access to institutional investors.

EthereumNYSEBuybacksTom Lee

Published at 2026-04-09 16:15:51

XRP Drops 4% as Selling Pressure Overcomes ETF Inflows

XRP slid about 4% as elevated volume and concentrated selling near resistance outweighed the boost from ETF inflows, signaling weak institutional demand.

CryptoXRPETFsMarketsRipple

Published at 2026-04-09 05:45:08

Ethereum Foundation to Convert 5,000 ETH to Stablecoins via CoW Swap TWAP

The Ethereum Foundation plans to offload 5,000 ETH into stablecoins using a TWAP execution via CoW Swap, aiming to limit market impact and timing risk.

TWAPStablecoinEthereumTreasuryCoW Swap

Published at 2026-04-08 17:01:14

Ethereum Foundation Converts 5,000 ETH to DAI in $10M Treasury Move

The Ethereum Foundation has begun converting 5,000 ETH—roughly $10 million—into the stablecoin DAI. The transaction appears to be part of a treasury diversification strategy aimed at preserving funding for long-term development.