Whales Scoop $229M in Ethereum as Exchange Balances Hit Historic Lows

Whales scoop $229M in Ethereum as exchange balances fall to record lows, signaling tightening supply and strong market confidence.

Fridah Kangai
September 7, 2025
8:45 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Whales buy $229M Ethereum as exchange balances reach historic lows.
Institutional accumulation signals tightening supply and stronger investor confidence.
Key Ethereum support levels shape outlook as whales anticipate growth.

Ethereum is showing strong signs of resilience as major investors make significant moves despite current price weakness. Arkham data shows that three whale addresses bought close to $229.91 million of Ethereum through FalconX and Bitgo.

This gigantic buy occurs as Ethereum exchange balances hit record lows. Investors are taking their assets out of exchanges and putting them in their wallets as long-term investments.

THREE WHALES JUST BOUGHT $230M OF ETH

Three new Whale addresses just bought $229.91M of ETH from FalconX and Bitgo.

Whales are accumulating $ETH.

Addresses:
0x07BcD04FDC108E8Aa39233f00D93B1E75AFEecbc
0xC77ecE9Fb15b958563dB6fE990f83E3809fdEc51… pic.twitter.com/H7Cu5O6Up2
— Arkham (@arkham) September 5, 2025

Also Read: Bitcoin Whale Dumps $215M in BTC for Ethereum: What This Means for the Market

Outflows on the exchange show confidence in investors.

Hundreds of millions of dollars of Ethereum have been exited from centralized systems in the past few weeks. This is a strong downward trend that results in tightened supply and lower supply on a short-term basis.

Whale buying fits this trend, suggesting increased confidence in Ethereum’s future performance. Analysts observe that bullish movements are usually preceded by outflows that generate a restraining effect on market sales.

The future of Ethereum is pegged on the need to hold strategic areas of support. Analyst Ali Martinez found a critical price of $3,960 at which 676,000 ETH last traded.

$3,960 and $3,360 are the most important support levels for Ethereum $ETH! pic.twitter.com/B7nKoTdXZv
— Ali (@ali_charts) September 5, 2025

Failure to retain this may occur at the second significant area of support, approximately $3,360. More than 1.7 million ETH had already been traded at that price, so another good base was formed.

Whales Invest in Growth.

Ether is worth $4,305.93 and has a market cap of $519 billion. Although short-term decreases occurred, investor accumulation and a decrease in exchange supply indicate an increase in belief in Ethereum’s long-term prospects.

Whales are setting up to make potential gains by enhancing dominance over the circulating supply. Constriction of liquidity and regular demand breed good future growth.

Exchange balances are at historic lows, with whales scooping up $229 million of Ethereum. As its supply continues to decline and confidence rises, Ethereum appears increasingly set to grow.

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