A large cryptocurrency whale has been actively accumulating substantial amounts of Ethereum (ETH) and Bitcoin (BTC) over recent weeks, with transactions involving major crypto firms such as Galaxy Digital, FalconX, and BitGo. The whale has purchased a total of 312,052 ETH valued at approximately $1.34 billion by August 12, 2025, and further increased holdings to 379,317 ETH worth $1.8 billion by August 14, 2025. This accumulation was spread across multiple wallets, with the whale also withdrawing and staking ETH on platforms like Binance, EigenLayer, and ETH 2.0, realizing profits of $13.53 million from staking activities. Additionally, the whale has engaged in significant Bitcoin purchases, acquiring over 5,000 BTC valued between $630 million and $796 million within a 24-hour period as of August 14, 2025. Meanwhile, early Ethereum ICO participants have deposited ETH to exchanges such as Kraken, with one whale holding 58,000 ETH worth $247.9 million. Separately, another notable activity includes the transfer of 86,255 Solana (SOL) tokens valued at $16.22 million to Kraken by the entity Pumpfun. Onchain analysts noted that the Ethereum ICO whale offloaded $5 million worth of ETH as prices approached all-time highs. These movements indicate significant trading and staking activity among large holders in the cryptocurrency market.
Ethereum ICO whale offloads another $5 million worth of ETH as price nears all-time high: onchain analysts https://t.co/DDC9aaYB8O
Someone bought $796 million worth of $BTC Does this mf know something? 👀 https://t.co/yZqh0UHRZ0
🐳 A WHALE HAS JUST BOUGHT $796 MILLION WORTH OF BITCOIN. WHAT DOES HE KNOW? 👀 https://t.co/ggoBsf1FGv