Ancient ETH Whale That Interacted with Ethereum Foundation Buys 7,318.56 ETH On-Chain
An on-chain whale, previously recorded interacting with the Ethereum Foundation about a decade ago, began accumulating ETH yesterday. According to on-chain analyst @ai_9684xtpa, the whale purchased 7,318.56 ETH on-chain at an average price of $3,016.09, representing roughly $22.07 million, with the most recent buy occurring 40 minutes before the report. The same whale sold 12,575 ETH at the August local high and still holds 10,529 ETH. Key details for traders: transaction size (7,318.56 ETH), average buy price ($3,016.09), remaining holdings (10,529 ETH), and historical selling activity (12,575 ETH sold in August). Primary keywords: ETH, whale purchase, on-chain accumulation. Secondary/semantic keywords: Ethereum Foundation, large holder, average cost, liquidity, market impact. This signals renewed accumulation by a historically significant address and may affect short-term liquidity and sentiment around ETH; monitor on-chain flows, exchange inflows/outflows, and price reaction near $3,000.
Bullish
A large on-chain accumulation by a historically significant whale is typically bullish for ETH for several reasons. First, the purchase of 7,318.56 ETH (~$22M) removes supply from wallets and potentially from exchanges, tightening short-term liquidity. Second, accumulation by an address tied historically to the Ethereum Foundation can boost market confidence and positive sentiment, attracting follow-on buying. Third, the whale still holds a large position (10,529 ETH), indicating long-term conviction rather than a quick flip. Comparable past events: notable whale accumulations in 2020–2021 preceded protracted bullish moves as supply tightened and sentiment improved. Short-term impact: likely positive price support around current levels and reduced depth on sell-side; watch for immediate price upticks or higher volatility if the whale continues active buys. Long-term impact: incremental — one whale alone won’t sustain a multi-month rally, but repeated accumulation by large holders contributes to a constructive supply-demand dynamic. Traders should monitor on-chain metrics (exchange flows, whale transfers, staking activity) and order-book liquidity to time entries; consider scaling positions and using risk management given potential for profit-taking or sudden large sells.