Ethereum Whale Deposits 103,252 ETH Worth $253M to Exchanges
Ethereum (ETH)
Editor:
Eugene Serbin
Coinfomania.com reports that a mysterious Ethereum whale deposited 103,252 ETH, valued at approximately $253 million, into multiple exchanges over the past three days. This movement highlights Ethereum’s price vulnerability to large transactions and has prompted traders to watch market reactions closely. The whale, linked to the ShapeShift era, currently holds over 122,400 ETH, which is valued at more than $250 million.
In addition to the ETH deposits, the whale recently withdrew $4.35 million in USDT, indicating strategic financial maneuvers that could affect Ethereum’s price trajectory. The cryptocurrency market is currently experiencing mixed sentiment, and the impact of these large-scale movements on liquidity and price stability cannot be underestimated. Despite this activity, the broader Ethereum market performance continues to trail behind Bitcoin.
Institutional optimism remains strong, with major banks like Standard Chartered maintaining bullish targets for Ethereum, including a $40,000 price prediction. This broader context suggests that while the whale’s actions might induce short-term volatility, institutional interest could support Ethereum’s longer-term outlook. The whale’s behavior indicates a sophisticated trading strategy, likely influenced by current market dynamics and institutional interest. Traders should keep a close eye on Ethereum’s price levels in response to this activity, as it may indicate broader market sentiment shifts.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 2 September 2026. Not the outlet's figures.
At $2,418.57, Ethereum’s spot price reflects a market where buying pressure is currently fading relative to the immediate past. The 1-hour buy ratio stands at 45.9%, indicating that sellers are dominating the short-term flow, while the 4-hour ratio of 50.3% shows a near-even split between buyers and sellers. Over the last 24 hours, the buy ratio sits at 48.6%, suggesting that the market has not yet swung decisively toward accumulation. Volume delta data reinforces this cautious stance, with a net outflow of $2,874,331 in the last hour and a significant net outflow of $18,896,159 over the last day. The cumulative volume delta (CVD) for the 24-hour period closes at -$25,903,179, confirming that selling pressure has outweighed buying pressure over the full day. Net buying occurred for only 11 of the 24 hours, highlighting a day where sellers held the upper hand for the majority of the trading session.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Twenty-four hours later
What ETH did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Comparing today’s activity to the preceding week reveals a market that is largely mirroring its recent average behavior. The 24-hour buy ratio of 48.6% is nearly identical to the 7-day average of 48.7%, differing by just 0.1 points, which suggests no significant shift in trader sentiment. Volume activity also remains stable, with today’s volume at 0.99 times the weekly average, indicating normal participation levels. However, the 8-day volume delta shows a total net outflow of $192,245,508, contrasting with the single-day outflow of $18,896,159, which underscores that selling pressure has been a persistent feature over the longer term. With only 2 of the past 7 days showing net buying, today’s performance aligns with a week where sellers have generally dominated, contributing to an 8-day price change of -1.0%.