Ethereum whales sold roughly $1.8B in the last two weeks, reducing large-wallet holdings by about 380K–430K ETH and compressing balances from ~13.36M to ~12.98M ETH; exchange outflows supported rallies to $4,800 while large inflows later sparked short-term profit taking.
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Whales reduced large-wallet balances by ~380K–430K ETH in two weeks.
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Exchange outflows helped push ETH toward $4,800; inflows above $250M triggered profit taking.
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Persistent outflows between Aug 25–30 signaled continued accumulation despite volatility.
Ethereum whales sold $1.8B, reducing large-wallet balances and driving exchange flow volatility — read insights and next steps from COINOTAG.
What caused Ethereum whales to sell $1.8B over two weeks?
Ethereum whales sold approximately $1.8B worth of ETH as large holders opportunistically distributed into strength while prices traded between $4,200 and $4,800. The moves combined targeted profit taking and portfolio rebalancing, with analyst Ali reporting 380K–430K ETH moved off large wallets to exchanges and OTC channels.
How did exchange flows affect ETH price action?
Net exchange flows showed mixed signals that matched price swings. Early August inflows above $200M coincided with upward momentum from $3,400 to $4,000. Subsequent outflows (often exceeding -$150M) supported the rally to ~$4,800. Later, a spike of inflows above $250M around Aug 22 prompted short-term selling pressure and a pullback.
Whale Balances and Market Price
Between July 28 and August 11, wallets holding 1,000–10,000 ETH maintained balances near 13.32–13.36M ETH. During that period Ethereum traded lower, near $3,200–$3,600.
As balances slipped in early August, price momentum reversed. By August 13 ETH climbed to roughly $4,800. Large-holder balances then declined from 13.36M ETH to ~12.98M ETH by August 27, representing substantial distribution into higher prices while the market remained elevated.
Exchange Flows: What do inflows and outflows indicate?
Exchange inflows generally increase sell-side supply; outflows typically indicate accumulation or transfer to cold storage. From Aug 6–8 inflows supported a price rise from $3,400 to $4,000. From Aug 9–14, dominant outflows aligned with the rapid push toward $4,800. On Aug 22, net inflows above $250M corresponded with a brief move toward $5,000 and subsequent profit taking.
Why did prices hold between $4,200–$4,800 despite heavy selling?
Demand from spot buyers, OTC accumulation, and ongoing off-exchange transfers absorbed much of the sell pressure. Large outflows from exchanges indicated that a portion of distributed ETH was moved to custody or long-term storage, which reduced immediate market supply and helped sustain the elevated range.
Summary table — balances, flows and price reaction
| Metric | Range / Value | Impact |
|---|---|---|
| Large-wallet balances | 13.36M → 12.98M ETH | Distribution of ~380K–430K ETH |
| Exchange inflows | Peaks > $250M | Triggered short-term profit taking |
| Exchange outflows | Often < -$150M | Supported rallies and accumulation |
| Price range | $4,200–$4,800 (brief near $5,000) | High volatility; retained higher trading band |
Frequently Asked Questions
How many ETH did whales sell and what does that mean?
Analyst Ali reported whales sold roughly 380K–430K ETH (~$1.8B) over two weeks. That level of distribution can pressure prices short term, but significant outflows to cold storage reduce circulating sell-side supply and may support prices longer term.
Can exchange inflows predict price drops?
Large exchange inflows often precede selling and price pullbacks. The Aug 22 inflow spike above $250M coincided with a retreat from near-$5,000 levels, illustrating inflows as a useful short-term risk signal.
Key Takeaways
- Whale distribution: ~380K–430K ETH sold, reducing large-wallet balances.
- Flow-driven moves: Outflows supported rallies; inflows triggered profit taking.
- Market stance: Elevated trading range ($4,200–$4,800) reflects competing forces—accumulation vs. distribution.
Conclusion
COINOTAG reporting shows Ethereum whales sold about $1.8B in recent weeks, while exchange flows alternately amplified rallies and prompted take-profits. Monitoring netflows and large-wallet balances remains essential for short-term ETH outlooks. Stay updated with COINOTAG for ongoing flow and custody trends.
