Whale buys $19.7 million in ETH as ETF outflows hit $365 million

A significant Ethereum whale transaction has drawn attention from market observers, as blockchain analytics platform Arkham identified a wallet acquiring $19.7 million worth of Ethereum. According to data also monitored by Whale Alert, the wallet purchased 8,773.5 ETH at a price of $2,245 per coin. This latest acquisition comes after the same wallet bought 10,376 ETH in June at an average price of $1,626, as reported by Yujin Monitor. These moves have raised the whale’s total Ethereum holdings to 23,095 ETH, which is currently valued at approximately $51.69 million. In addition to this accumulation, Arkham also tracked activity from another fresh wallet, identified as 0x4AB7. That wallet withdrew 9,777 ETH, estimated at $22.5 million, from Binance during the last week, signaling notable on-chain activity by large holders.

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