Ethereum Clears $2,700 as Two Whales Pour $106M Into ETH
- —One whale sold 1,107 BTC worth $86.76M and bought 34,422 ETH worth $86.5M, staking every coin
- —A second trader, 0x4cee, sent $32.17M USDC to Binance and withdrew 7,567 ETH worth $19.93M
- —Spot ETH ETFs shed $140M in the week to Sept. 18, so whales, not funds, are driving the rally
- —ETH trades near $2,738, up about 6% in 24 hours and 11% over 30 days
Why it matters: Whale-led buying with staking, rather than ETF inflows, is powering ETH's move, reducing the risk of coins being quickly dumped on exchanges.
Source: Bitcoin.com