• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, July 10, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Uncategorized

Ethereum Tops $2,800 as Whale Activity Surges With Over $350M in Institutional Buys

10 July 2025
in Uncategorized
Reading Time: 3 mins read
103 5
source: decrypt.co

source: decrypt.co

Ethereum rallied above the $2,800 mark today, driven by a notable surge in accumulation from whales and institutional investors.

According to on-chain data, at least seven major entities collectively acquired 127,971 ETH—valued at approximately $358 million—over the past 24 hours, signaling renewed confidence in the asset.

Among the most significant transactions, a newly created wallet labeled 0x35fb withdrew 54,125 ETH (around $151 million) from Kraken in the last 16 hours. With no prior transaction history, the wallet is believed to belong to either a new institutional player or an OTC desk preparing for long-term custody.

Ethereum broke back above $2,800 today!

In the past 24 hours, 7 whales/institutions have bought 127,971 $ETH($358M).

Newly created wallet 0x35fb withdrew 54,125 $ETH($151M) from #Kraken in the past 16 hours.https://t.co/5e6AQjMOwt

Abraxas Capital withdrew 40,986 $ETH($114M)… pic.twitter.com/0pmcvZxK7S

— Lookonchain (@lookonchain) July 10, 2025

Further strengthening this trend, crypto investment firm Abraxas Capital withdrew 40,986 ETH (roughly $114 million) from both Binance and Kraken within a 20-hour window. The size and pace of the move suggest a strategic, long-term allocation rather than a short-term trading position.

Meanwhile, SharpLink Gaming—a major holder of 205,634 ETH ($575 million)—increased its exposure by acquiring another 5,072 ETH via an over-the-counter transaction worth $13.51 million. This fresh buy underscores the company’s commitment to Ethereum, particularly amid its ongoing price rebound.

In parallel, the wallet tied to the GMX exploit has reportedly converted nearly all of its $32 million in stolen assets excluding FRAX—into 11,700 ETH. Whales have also been active at the individual level. Wallet 0x8C08 spent $25 million in USDT to buy 9,188 ETH at an average of $2,721 just 13 hours ago. Similarly, the address pfm.eth purchased 2,900 ETH for $8 million at a slightly higher average price of $2,759.

Adding to this momentum, wallet 0x3c9E however, despite today’s rally, Ethereum has struggled to match Bitcoin’s post-Merge momentum. Since the Merge in 2022, ETH has underperformed relative to BTC, with multiple network upgrades failing to spark sustained bullish price action. According to a recent research note by Matrixport, these improvements have had limited impact on investor sentiment, highlighting a gap between technical progress and market valuation.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share63Tweet39Share11
Daniel Oyibo

Daniel Oyibo

Related Posts

source: aminagroup.com
Uncategorized

AMINA Bank Posts 69% Revenue Growth, Leading Swiss Crypto Banks

28 May 2025
source: voi.id
Crypto

OSL Launches Hong Kong Crypto Wealth Management Platform

4 April 2025
Uncategorized

Web3Bay Takes E-Commerce to the Blockchain – Is This the Next Big Thing?

18 February 2025
Uncategorized

Best Meme Coin Presales to Buy Today: BTFD Coin’s P2E Game Wows Investors as MEME Rises 9% and ACT Targets AI Revolution

8 January 2025

Featured Posts

Is Code Law? The Legal and Moral Implications of Smart Contracts

Is Code Law? The Legal and Moral Implications of Smart Contracts

byFaari Labinjo
24 June 2025
0

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

byFaari Labinjo
7 June 2025
0

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

byOlayinka Sodiq
3 June 2025
0

What Is a Bull Trap?

What Is a Bull Trap?

byOlajumoke Oyaleke
3 June 2025
0

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

byOlayinka Sodiq
3 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

2 days ago

Is Ethereum Losing the Yield Battle?

2 days ago

Dubai Greenlights Region’s First Tokenized Money Market Fund, Pioneering Real-World Asset Digitization

2 days ago

BRICS Digital Currencies & Their Threat to USD-Denominated Stablecoins

5 days ago

The U.S. Crypto Regulatory Pivot: How the FIT21 Bill & ETF Greenlights Are Reshaping Global Policy

5 days ago

VC Funding in Web3: Where the Money Is Going Post-2024 Bear Cycle

5 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture with Decentralized Finance Ecosystem

bychainwire
10 July 2025
0

$MBG Token Pre-Sale Set for July 15 — Only 7 million Tokens Available at $0.35

bychainwire
10 July 2025
0

NovaEx Launches with a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure

bychainwire
10 July 2025
0

Threshold Network’s tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi

bychainwire
9 July 2025
0

MultiBank Group Announces Early Access Waitlist for Pioneering $MBG Token

bychainwire
9 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00