Ethereum whale activity in August saw large accumulations and withdrawals, with four wallets reportedly receiving 42,867 ETH (~$198M) in 12 hours and exchange flows swinging between $230M inflows and $150M+ outflows, driving sharp short-term price volatility in ETH.
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Four wallets received 42,867 ETH (~$198M) from FalconX in a 12-hour window.
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Exchange inflows peaked at ~$230M on Aug. 9, coinciding with a move toward $5,000.
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Late-August outflows often exceeded $150M, stabilizing ETH near $4,500 after a drop.
Ethereum whale activity surged in August as whales moved $198M in ETH; examine inflows, outflows and price impact in this COINOTAG analysis — read now.
What is Ethereum whale activity in August and why does it matter?
Ethereum whale activity in August describes concentrated large transfers and exchange flows that materially affected ETH price. Institutional and whale movements—documented as 42,867 ETH sent to four wallets and daily flows up to $230M—show how concentrated capital can trigger rapid volatility and liquidity shifts.
How did exchange inflows and outflows influence ETH price during August?
Exchange inflows and outflows acted as immediate liquidity drivers. On Aug. 9, inflows near $230M coincided with a run from ~$3,800 toward $5,000. Conversely, sustained outflows above $150M later in the month correlated with a pullback from near $5,000 to ~ $4,300 and subsequent stabilization around $4,500. Data referenced: Lookonchain, Coinglass (plain text sources).
Whales added $198M in Ethereum as August flows showed sharp inflows, heavy outflows, and volatile price changes between $3,100–$5,000.
- Four wallets likely linked to BitMNR received 42,867 ETH worth $198M from FalconX in a single 12 hour window.
- Ethereum inflows peaked at $230M on August 9, driving prices from $3,800 to near $5,000 during increased trading activity.
- Heavy outflows above $150M late August steadied ETH near $4,500 after a drop from almost $5,000 to $4,300.
Large Ethereum transactions continued to draw attention as fresh wallets accumulated significant amounts of ETH. Plain text on-chain analysis by Lookonchain recorded four wallets believed linked to BitMNR receiving 42,867 ETH (approx. $198 million) from FalconX within 12 hours.
August’s netflow profile shows a complex balance between exchange inflows and outflows, reflecting differing investor strategies as ETH traded between $3,100 and $5,000. Institutional accumulation and quick rebalancing by traders both influenced price action during this period.
What drove the steady rise in early August?
Between Aug. 3–7, inflows and outflows were relatively balanced, yet price climbed from about $3,100 to $3,700. This indicated measured accumulation by investors and institutions, with limited net selling pressure and growing confidence in ETH’s near-term trend.
ETH Spot Inflow/Outflow chart, Source: Coinglass
Momentum accelerated Aug. 8–12 as inflows surged. The largest single-day exchange inflow was nearly $230 million on Aug. 9, coinciding with a rapid price advance toward $5,000. This period featured elevated trading volumes and shorter holding times among active traders.
Why did outflows dominate mid-August?
From Aug. 13–20, outflows outpaced inflows with multiple days seeing withdrawals over $100 million. These withdrawals suggested longer-term holders moving ETH off exchanges, reducing sell-side liquidity while maintaining market exposure, which helped ETH hold in the $4,500–$4,800 band.
When did volatility return late August and what followed?
Late August saw renewed volatility. On Aug. 23 inflows topped $200 million but momentum faded quickly. ETH fell from near $5,000 to ~$4,300 by Aug. 25. Subsequent perpetual outflows often exceeded $150 million, which helped the token recover and stabilize near $4,500 despite the intraday swings.
How should traders and analysts interpret these flows?
Interpretation checklist:
- Large concentrated deposits to a few wallets can signal institutional positioning or custodial consolidation.
- High exchange inflows often precede increased selling pressure and short-term volatility.
- Sustained outflows tend to reduce immediate sell liquidity and can support higher price ranges if demand persists.
Frequently Asked Questions
How much ETH did whales move in the notable August transfer?
Four wallets reportedly received 42,867 ETH (about $198 million) from FalconX within 12 hours, according to on-chain observers like Lookonchain (plain text source).
Did large flows cause the price to reach $5,000?
Large exchange inflows on Aug. 9 (~$230M) coincided with a move from ~$3,800 toward $5,000, suggesting inflows increased tradable supply and volatility that traders used to push prices higher briefly.
Key Takeaways
- Concentration matters: Single large transfers can move market sentiment rapidly.
- Inflows vs outflows: Inflows often signal short-term trading; outflows suggest accumulation or custody.
- Action: Monitor large transfers, exchange flow aggregates, and on-chain alerts from plain text sources like Lookonchain and Coinglass for context.
Conclusion
This COINOTAG analysis shows that August’s Ethereum whale activity — highlighted by a 42,867 ETH transfer and exchange flows ranging from ~$230M inflows to $150M+ outflows — materially influenced short-term ETH volatility. Track flow data and custodial movement to anticipate similar price impacts moving forward.
