Ethereum whales buy millions in ETH as price falls below $2,200

cryptonews11-09

Large Ethereum whales have purchased millions of dollars worth of ETH over the past several days, with several wallets continuing to accumulate the cryptocurrency despite its recent price decline and ...

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href=https://crypto.news/ethereum-whales-buy-millions-in-eth-as-price-falls-below-2200/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Large Ethereum whales have purchased millions of dollars worth of ETH over the past several days, with several wallets continuing to accumulate the cryptocurrency despite its recent price decline and ...</p>\n\n<a href=\"https://crypto.news/ethereum-whales-buy-millions-in-eth-as-price-falls-below-2200/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09046","symbol_name":"华夏以太币-U","start_time":0,"source_url":"https://crypto.news/ethereum-whales-buy-millions-in-eth-as-price-falls-below-2200/","article_id":"2682524386","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/ethereum-whales-buy-millions-in-eth-as-price-falls-below-2200/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2682524386","pubTimestamp":1794231144,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Large Ethereum whales have purchased millions of dollars worth of ETH over the past several days, with several wallets continuing to accumulate the cryptocurrency despite its recent price decline and heavy selling across the market.Ethereum whales purchased millions of dollars worth of ETH since Friday, including a $21.55 million acquisition financed through a $22 million USDT loan from Aave.Lookonchain identified several large transactions, including a $19.7 million ETH purchase and two wallets that spent $9.08 million acquiring 4,312 ETH.Another wallet withdrew 34,601 ETH worth approximately $73.75 million from Binance on November 9 after remaining inactive for more than two years.The accumulation came as Ethereum struggled below $2,200, while US spot Ethereum ETFs recorded $365.2 million in weekly net outflows.According to on-chain analytics platform Lookonchain, two wallets suspected of belonging to the same whale spent approximately $9.08 million to purchase 4,312 ETH at an averag","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"09046":"华夏以太币-U","ETHV":"以太坊ETF-VanEck","ETH":"低成本以太坊ETF-Grayscale","EETH":"以太币期货ETF-ProShares","CETH":"以太坊ETF-21Shares","ETHW":"以太坊ETF-Bitwise","NCIQ":"HASHDEX NASDAQ 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ETH","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03046":0.9,"LFGY":1.5,"SETH":0.6,"BKCH":1.5,"AETH":1.5,"ETQ":0.6,"03179":0.9,"ETTY":1.5,"BITQ":1.5,"ETHI":0.6,"GBTC":0.6,"BETH":1.5,"ETH":1.5,"STCE":1.5,"BITW":1.5,"09009":1.5,"BTF":1.5,"NCIQ":1.5,"QETH":1.5,"EZET":1.5,"DFII":0.6,"ARKY":1.5,"GDLC":1.5,"CETH":1.5,"ETHA":1.5,"BETE":1.5,"ETHT":1.5,"09179":1.5,"METHmain":1.5,"BTCZ":0.6,"BRRR":0.6,"03009":0.9,"ETHV":1.5,"ETHW":1.5,"CRPT":1.5,"ETCO":0.6,"BEGS":1.5,"ETHD":1.5,"ETU":1.5,"YETH":1.5,"ETHE":1.5,"BTCO":0.6,"EETH":1.5,"09046":1.5,"FETH":1.5,"ETHU":1.5},"content_text":"Large Ethereum whales have purchased millions of dollars worth of ETH over the past several days, with several wallets continuing to accumulate the cryptocurrency despite its recent price decline and heavy selling across the market.\n\n\nSummary\n\n\n\nEthereum whales purchased millions of dollars worth of ETH since Friday, including a $21.55 million acquisition financed through a $22 million USDT loan from Aave.\nLookonchain identified several large transactions, including a $19.7 million ETH purchase and two wallets that spent $9.08 million acquiring 4,312 ETH.\nAnother wallet withdrew 34,601 ETH worth approximately $73.75 million from Binance on November 9 after remaining inactive for more than two years.\nThe accumulation came as Ethereum struggled below $2,200, while US spot Ethereum ETFs recorded $365.2 million in weekly net outflows.\n\n\n\nAccording to on-chain analytics platform Lookonchain, two wallets suspected of belonging to the same whale spent approximately $9.08 million to purchase 4,312 ETH at an average price of $2,106 on November 9.\n\nTwo wallets, possibly belonging to the same whale, spent $9.08M to buy 4,312 $ETH at an average price of $2,106.https://t.co/13TE6cuV7rhttps://t.co/llqg7igBA9 pic.twitter.com/3LsibBtEpV— Lookonchain (@lookonchain) November 9, 2026\n\nThe latest transactions followed several other large purchases since Friday, November 6, including a $21.55 million acquisition financed through decentralized lending platform Aave and another $19.7 million purchase by a separate whale.\nSome investors have continued buying Ethereum during a period when the cryptocurrency has struggled to hold above $2,200, while leveraged traders and US spot Ethereum exchange-traded funds have recorded substantial losses and withdrawals.\nEthereum whales continue buying during market decline\nIn a November 9 update, Lookonchain identified wallet 0xFD10 as one of the largest buyers during the latest market downturn.\nThe wallet borrowed $22 million in USDT from Aave before spending $21.55 million to acquire 10,000 ETH at an average price of $2,155.\nThe transaction was financed through borrowed funds, meaning the wallet’s exposure was different from that of an investor purchasing Ethereum entirely with existing capital. Its borrowing position remains subject to Aave’s collateral and liquidation requirements.\nAnother wallet, identified as 0x4AB7, withdrew 3,500 ETH worth approximately $7.53 million from Binance on November 9.\nThe latest withdrawal brought its total withdrawals from the exchange over the preceding week to 16,577 ETH, valued at approximately $37.5 million at the time of Lookonchain’s report.\nThe same wallet had already attracted attention on November 7 after purchasing another 3,300 ETH worth $7.41 million, bringing its reported weekly accumulation at that point to 13,077 ETH.\nEarlier that day, Lookonchain identified a separate wallet, 0x32c6, which spent $19.7 million in USDT to purchase 8,773.5 ETH at an average price of $2,245.\nThe purchases occurred at different price levels, with the reported acquisition prices ranging from $2,106 to $2,245 as Ethereum continued losing ground over the weekend.\nAnother wallet withdraws $73.75 million in ETH from Binance\nLarge Ethereum transfers continued on November 9 when Lookonchain reported that wallet 0xC356 had withdrawn 34,601 ETH, worth approximately $73.75 million, from Binance over three hours.\nAccording to the tracker, the address had remained inactive for more than two years before the latest activity.\nThe transaction involved an exchange withdrawal, which establishes that the ETH moved out of Binance but does not necessarily mean the entire amount was newly purchased.\nExchange withdrawals can involve transfers to private wallets, custody arrangements or other blockchain applications, depending on the activity of the receiving address.\nThe reported transactions therefore represent different types of whale activity, including direct purchases, borrowed-fund acquisitions and exchange withdrawals.\nEthereum ETF outflows continue as leveraged positions unwind\nThe accumulation has taken place during a difficult period for Ethereum, which fell more than 4% over 24 hours on November 9 and traded near $2,146 earlier in the day.\nAs previously reported by crypto.news, Ethereum briefly dropped below $2,100 during Sunday’s market sell-off before recovering some of its losses.\nCoinGlass data showed approximately $462 million in Ethereum derivatives liquidations over 24 hours, with long positions accounting for roughly $425 million of the total.\nInstitutional investment products faced selling pressure throughout the preceding trading week.\nUS spot Ethereum ETFs recorded $365.2 million in net outflows between November 2 and November 6, while Bitcoin ETFs lost approximately $1.28 billion over the same period.\nThe withdrawals followed another difficult session on November 5, when Ether funds lost $99.9 million and Bitcoin products recorded $430.2 million in net redemptions.\nEthereum’s recent exchange activity has not been limited to accumulation. In October, early investors sold thousands of ETH while Santiment recorded a daily net exchange outflow of 169,770 ETH, the largest in more than four months at that time.\nThe October transactions included a 1,000 ETH sale associated with an Ethereum ICO participant and another 3,000 ETH transfer from an early holder, according to Lookonchain.\n\n\n\n\n\n                Read more:\n            \n\n                ECB, EU regulators seek common rules for tokenized securities","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.53.0","shortVersion":"4.53.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2682524386","isCrawlerRequest":true}