According to Lookonchain, large Ethereum holders (whales) have aggressively accumulated ETH in the past two hours. Wallet address 0xDdb4 borrowed $3.44 million USDC from Aave and immediately purchased 1,856 ETH with it, while 0xf84d borrowed $1.64 million USDC and spent $2.34 million USDC to buy 1,259 ETH. Additionally, a newly created wallet (0x69D0) withdrew 2,250 ETH (worth $4.12 million) from an exchange. This concentrated buying activity from whales signals strong bullish sentiment and could contribute to increased short-term ETH price volatility, making it a key event for traders to monitor (Source: Lookonchain, Twitter, May 1, 2025).
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Ethereum Whale Activity Surges: Over $9 Million in ETH Accumulated by Major Wallets – Trading Insights – Blockchain News
