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Ethereum News Update: Major Ethereum Holders Amass $898M While Solana Investors Spread $93M, Underscoring Market Differences

Ethereum News Update: Major Ethereum Holders Amass $898M While Solana Investors Spread $93M, Underscoring Market Differences

Bitget-RWA2025/10/29 06:16
By:Bitget-RWA

- Ethereum whales accumulated $898M in ETH since October, contrasting Solana's $93M outflows to Binance, signaling diverging institutional interest. - Bitcoin whales profited $6.6M from short positions, reflecting volatile crypto markets amid macroeconomic uncertainty and ETF outflows. - Ethereum's 6% price surge and whale repurchases suggest renewed institutional confidence, driven by smart contract adoption and upcoming Fusaka upgrades. - Analysts highlight Ethereum's superior liquidity and infrastructur

An increase in

(ETH) whale transactions has signaled a change in institutional sentiment, as major players have accumulated more than $898 million worth of ETH since the beginning of October, based on blockchain data from and Santiment, according to a . This stands in contrast to Solana (SOL), which recently experienced significant outflows when a large investor moved $93 million in tokens to Binance, reflecting differing trends between these two leading layer-1 networks. At the same time, (BTC) saw a single whale earn $6.6 million from a short position, highlighting the unpredictable environment for crypto traders.

Institutional interest in Ethereum has accelerated, with companies such as SharpLink and Bitmine Immersion Technologies acquiring 203,826 ETH and 19,271 ETH, respectively. Their combined ETH holdings now total $866.9 million at current market value, as reported by Coinotag. These acquisitions reflect a broader pattern of treasury inflows and enhanced liquidity, which Jamie Elkaleh, CMO of Bitget Wallet, attributes to Ethereum’s “advanced smart contract features and increasing enterprise use.” The network’s price stability—up 1.2% to $3,882—sets it apart from

, where a long-term holder sold 515,000 ($93 million), amid ongoing concerns about scalability and competition.

Ethereum News Update: Major Ethereum Holders Amass $898M While Solana Investors Spread $93M, Underscoring Market Differences image 0

The differing actions of large holders reflect broader market attitudes. Since mid-October, Ethereum whales have accumulated a net 218,470 ETH ($870 million), reversing a previous outflow of 1.36 million ETH, as detailed in a

. In contrast, Solana’s major holders appear to be taking profits. EmberCN’s research shows that the Solana whale still holds $150 million in SOL after the transfer, indicating a strategic decision rather than a complete exit. This divergence has fueled discussions about Ethereum’s long-term strength versus Solana’s short-term price swings, with Elkaleh highlighting Ethereum’s “greater liquidity and institutional infrastructure” as key advantages.

Meanwhile, Bitcoin’s market has seen opportunistic moves. One whale closed a 1,107

short position opened on October 22, securing $835,000 in profit and marking the seventh consecutive winning trade, totaling $6.6 million in gains. Hyperdash analytics attribute this to Bitcoin entering an “undervalued zone,” though broader recovery will depend on macroeconomic events such as the Federal Reserve’s interest rate decisions, according to an .

Technical signals for Ethereum also point to

. The price jumped 6% to $4,254, supported by a bullish flag formation and increased whale buying. Santiment data shows that major holders (100–10,000 ETH) have bought back one-sixth of the ETH they sold in October, indicating renewed trust. Analysts such as Jake Wujastyk see similarities to the bullish setup of 2020, with a possible target of $5,000 if resistance levels are maintained. However, risks remain, including ETF outflows: Ethereum spot ETFs saw a net outflow of $22.8 million for the week ending October 23, while Bitcoin ETFs attracted $335.43 million in new funds.

The Ethereum Foundation’s internal transfer of 160,000 ETH ($596 million) further demonstrates institutional faith, coinciding with the network’s price recovery above $4,000. Upcoming improvements like the Fusaka hard fork on October 28 are expected to boost scalability, strengthening Ethereum’s role in DeFi and real-world asset tokenization.

As the market moves within narrow ranges and speculative trades, whale activity continues to serve as a key indicator. While Ethereum’s accumulation and technical patterns suggest further gains, Solana’s recent sales and Bitcoin’s short-term swings highlight the fragmented nature of institutional crypto investment. Observers are encouraged to keep an eye on blockchain data and macroeconomic trends for additional insight.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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