Two Major Ethereum Whales Are Quietly Buying the Dip
Over a three-day period, Galaxy Digital wallet acquired roughly $300 million worth of ETH. According to Lookonchain, the company SharpLink added 30,755 ETH to its balance sheet over the span of two days, spending $108.57 million at an average price of $3,530 per token
Ethereum Whales Buy the Dip as On-chain Activity Rises
One of the most notable transactions came from a wallet tracked by Arkham Intelligence. Over a three-day period, the wallet acquired roughly $300 million worth of ETH via Galaxy Digital’s over-the-counter trading desk.
The wallet currently has an unrealized loss of around $26 million.
However, the sheer scale and rapid pace of the purchases suggest a strategic, long-term accumulation rather than speculative short-term trading.
Another key player in this buying spree is Ethereum-focused firm SharpLink.
According to Lookonchain, the company added 30,755 ETH to its balance sheet over the span of two days, spending $108.57 million at an average price of $3,530 per token.
SharpLink now holds 480,031 ETH, with its current stash valued at approximately $1.65 billion.
