Ethereum whale activity has been going absolutely wild right now as big players are taking completely opposite sides in what’s turning into a massive market showdown. Arthur Hayes went and sold off $8.3M worth of ETH while SharpLink actually bought up $100M worth, and this whole thing is creating some serious splits in crypto market sentiment along with all the Ethereum price forecast discussions.
Whale 0x3c9E is dumping $ETH again!
— Lookonchain (@lookonchain) August 3, 2025
He deposited another 7,500 $ETH($25.58M) to exchanges 5 hours ago, bringing his total $ETH sold over the past 3 days to 33,682 $ETH($119M).https://t.co/SONVbu0klJ pic.twitter.com/R3z1hpImyE
Ethereum Whale Activity Sparks Debate on Price Forecast and Sentiment
The recent Ethereum whale activity that’s been happening shows some pretty crazy selling pressure going up against aggressive buying right now. Hayes systematically went and sold 2,373 ETH (worth $8.32M) and also dumped 776M SENA tokens, while SharpLink took the opposite route and actually spent $108.57M USDC to grab 30,755 ETH at around $3,530 per token.
Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M), 7.76M $ENA($4.62M) and 38.86B $PEPE($414.7K) in the past 6 hours.https://t.co/1HymJRPhcj pic.twitter.com/MoJNKUjJaQ
— Lookonchain (@lookonchain) August 2, 2025
Major Selling Pressure Hits the Market Hard
This whale with address 0x3c9E has been depositing tons of ETH to Binance – we’re talking 26,162 ETH ($93.66M) during what were some pretty intense panic-selling moments. This kind of Ethereum whale activity created immediate downward pressure on prices, and the same entity also moved another 7,500 ETH ($25.68M) to exchanges within just a few hours.
A whale received 25,540 $ETH, worth $86.1M, from #FalconX, 6 hours ago.
— Onchain Lens (@OnchainLens) August 3, 2025
Previously, the whale received 35,615 $ETH, worth $130.11M, which was sent for staking with #ETH2.0 in 2 wallets, now facing a $10M loss.
Addresses:
– 0xe368e663b3df6be863c522a050cf4d5cfee35634
-… pic.twitter.com/0kQSD0xYg3
There’s also another whale that received 25,540 ETH worth $86.1M from FalconX about 6 hours ago, and this same whale had previously been stacking up 35,615 ETH ($130.1M) for staking, which shows how mixed these institutional strategies are getting for crypto market sentiment.
SharpLink Goes All-In With Counter Strategy
SharpLink’s Ethereum whale activity has been pretty much the complete opposite approach, with them now holding a massive 480,031 ETH (that’s around $1.65B total). The way they’ve been systematically buying over the past couple days also shows they’re confident about the long-term even with some bearish Ethereum price forecast signals coming from other major players.
Metaplanet has acquired 463 BTC for ~$53.7 million at ~$115,895 per bitcoin and has achieved BTC Yield of 459.2% YTD 2025. As of 8/4/2025, we hold 17,595 $BTC acquired for ~$1.78 billion at ~$101,422 per bitcoin. $MTPLF pic.twitter.com/9EyuDIMsqq
— Simon Gerovich (@gerovich) August 4, 2025
Other institutional moves that have been happening include Metaplanet picking up 463 BTC for $53.7M, and they’ve achieved a 459.2% YTD yield. Meanwhile, HYPE token holders have also been building positions worth approximately $18.65M.
HYPE 持仓 TOP 75 的大户 0x7BE…480D8 仍在增持🫡
— Ai 姨 (@ai_9684xtpa) August 3, 2025
20 分钟前他向 Hyperliquid 充值了 407 万枚 USDC，已全部用于购买 $HYPE ，本次增持使其排名前进了 8 名；目前计入已质押部分共持有 487,209.95 HYPE（约 1865 万美元），已浮盈 153.5 万美元
传送门 👉 https://t.co/7oQYlltIOd pic.twitter.com/a9RODcoFeL
Merlijn The Trader had this to say:
“$BTC HAS ENTERED THE VERTICAL ZONE. 2017. 2021. Now it’s 2025’s turn. Same signals, Same setup. Same outcome. Parabola. Euphoria. Explosion.”
SharpLink(@SharpLinkGaming) received another 15,822 $ETH($53.9M) 6 hours ago.
— Lookonchain (@lookonchain) August 3, 2025
They spent 108.57M $USDC to buy 30,755 $ETH in the past 2 days, with an average buying price of $3,530.
SharpLink now holds a total of 480,031 $ETH($1.65B).https://t.co/fWtEg2UYB8 pic.twitter.com/EX6r4mQXCY
This whole Ethereum whale activity battle that’s playing out right now actually represents some pretty fundamental disagreements about where the market’s headed. While Hayes selling suggests he thinks things are overvalued, SharpLink’s massive accumulation shows they’re bullish long-term on crypto market sentiment, and this creates perfect conditions for some volatile Ethereum price forecast outcomes.