ETH whales are loading up at unprecedented rates, with Alameda Capital making significant purchases that also suggest renewed confidence in Ethereum’s future. Market data from today shows a massive $32.1K single transaction, which is part of a broader pattern of whale accumulation that signals a major shift in crypto market sentiment at the time of writing.
🔥BREAKING🔥#ETH WHALES ARE LOADING UP LIKE NEVER BEFORE!!! pic.twitter.com/sUdpKDdrq9
— CryptoJack (@cryptojack) May 15, 2025
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Ethereum Whale Buys, Alameda Activity, And Market Sentiment Shift
Nearly 1 Million ETH Withdrawn from Exchanges
This massive whale activity represents an incredible shift from 18,015,519 ETH to 17,097,203 ETH stored on exchanges between April 6 and May 13.
Cryptocurrency analyst Ali Charts noted in his analysis:
“Nearly 1 million #Ethereum $ETH have been withdrawn from exchanges in the past month!”
Nearly 1 million #Ethereum $ETH have been withdrawn from exchanges in the past month! pic.twitter.com/dOypSQXgsA
— Ali (@ali_charts) May 15, 2025
The dramatic reduction in exchange supply coincided with ETH whales loading up as Ethereum’s price rose from $1,579 to $2,679 on May 13, and many investors are taking notice of this trend.
Alameda Capital Returns with Strategic Buys
Transaction records reveal Alameda Capital making strategic Ethereum purchases right now. Multiple transactions show Alameda engaging with “Hot Wallet” addresses on Binance, with several purchases exceeding 4 ETH per transaction and additional smaller buys as well.
One notable transaction shows 4.985 ETH ($11,840) being transferred to Alameda Capital Management. These movements represent a significant shift in institutional sentiment toward Ethereum’s price potential, and many analysts are discussing the implications.
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ETH Price Indicators Signal Bull Run
Michael van de Poppe reminded the crypto community about Ethereum’s market cycles, writing:
“A gentle reminder that the previous bottom for ETH was in September ’19. After that, a bull market of 826 days took place.”
A gentle reminder that the previous bottom for $ETH was in September '19.
— Michaël van de Poppe (@CryptoMichNL) May 15, 2025
After that, a bull market of 826 days took place.
Right now, $ETH has likely bottomed some weeks ago.
That's just 21 days behind us, that doesn't mean we'll end the bull in the next 50 days. pic.twitter.com/FkWtNxx7D1
Van de Poppe further noted:
“That’s just 21 days behind us, that doesn’t mean we’ll end the bull in the next 50 days.”
His analysis suggests ETH whales loading up now is similar to previous accumulation phases that preceded extended bull markets, and investors are paying close attention to these patterns.
ETF Activity Confirms Whale Transactions
Institutional investment in the form of spot Ethereum ETFs also adds to accumulation of whale. 1,139 ETH went into F Ethereum ETF and about 866 ETH was added to Invesco Galaxy Ethereum ETF on May 14. But, on Wednesday, Grayscale Ethereum Trust ETF had an outflow of 3,983 ETH. These combined flows draw multiple institutional views concerning the movements of Ethereum in the current market.
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Market Outlook Despite Volatility
Although Ethereum corrected 6.33% to $2,533 after hitting $2,700, the core whale accumulation phenomenon is in place. ETH whales that are loading up as the crypto market sentiment is also improving suggest that wealthy holders this time around remain strongly convinced.
The outflow of almost a million ETH from exchanges usually means that money will be held long-term rather than sold off immediately. Despite the short-term fluctuations and occasional market spikes, the price outlook of Ethereum becomes more optimistic with Alameda Capital returning to the Ethereum purchase trade.