Stop the presses (or at least, close out of Candy Crush). In the least-subtle “stealth mode” since my attempt at blending into a SoulCycle class, Ethereum whales have resurfaced. No fireworks, no laser-eyed meme avatars—just some extremely polite, high-roller wallet action, quietly hoovering up ETH as if on a deadline for a crypto-themed Black Friday sale. 🐳
Take wallet 0xDdb4, for instance. This is the kind of crypto user who brings a lunchbox to a board meeting. They borrowed $3.44 million in USDC from Aave. What did they do? Gamble it on Doge? Stake it all on a new layer-2 with a logo made in MS Paint? No. They calmly marched over to Uniswap (with possible side gigs at some Over-The-Counter venues), picked up 1,856 ETH, and didn’t even haggle. No wild “will-they-won’t-they” energy—just capital rotation, baby. Like opening a new jar of peanut butter: efficient and a little mysterious.
If you thought that was all, please remain seated. Not 12 minutes later (well, maybe a bit more or less; time is a flat circle in DeFi), wallet 0xf84d strutted onto the scene. They borrowed $1.64 million in USDC but, in a twist, spent $2.34 million to buy 1,259 ETH. This means either they had extra stablecoins lying around (show-off), or their calculator broke and they just went with “vibes-based investing.”
Whales have been buying $ETH in the past 2 hours!
0xDdb4 borrowed 3.44M $USDC from Aave, then spent 3.44M $USDC to buy 1,856 $ETH.
0xf84d borrowed 1.64M $USDC from Aave, then spent 2.34M $USDC to buy 1,259 $ETH.
A newly created wallet(0x69D0) withdrew 2,250 $ETH($4.12M) from…
— Lookonchain (@lookonchain) May 1, 2025
The pièce de résistance? A new wallet (0x69D0) waltzed out of Binance with 2,250 ETH (about $4.12 million), leaving no breadcrumbs or embarrassing wallet history—just a blank, fresh profile. Mysterious? Absolutely. Dangerous? Possibly. Overly dramatic? Always.
So here’s the recap: three wallets, over $7 million in ETH, all in less time than it takes to binge an episode of “30 Rock.” Are these institutional desks? Hedge funders? That one cousin who “just dabbles in crypto”? The jury’s out, but let’s be honest—the whales are clearly back, and none of them texted you first. Typical.
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2025-05-02 13:33