What Are the Crypto Whales Buying, Selling, and Holding?

The crypto market began the week under pressure, slipping 0.46% in the past 24 hours as volatility continued to weigh on sentiment. 

Against this backdrop, whales reshuffled portfolios in high-profile moves across Bitcoin (BTC), Ethereum (ETH), and more, signaling a mix of accumulation and profit-taking.

How Are Whales Trading Ethereum?

Ethereum continued to attract interest from crypto whales this week as well. OnChain Lens reported that a major investor (0x7451) received 13,322 ETH from FalconX, worth approximately $62 million. Over the past four days, this crypto whale has accumulated 22,556 ETH—valued at about $104.87 million—from FalconX.

Newly created wallets are also entering the market. 0x5509 withdrew 10,001 ETH (approximately $46.4 million) from OKX yesterday. Another fresh address, identified as 0x4d43, pulled 4,208 ETH (about $19.48 million) from Binance, according to Lookonchain.

Meanwhile, 0x5Fe moved 1,000 ETH (worth $4.65 million) from Binance. Over the last two months, the same wallet has accumulated 8,711 ETH (roughly $33.76 million) at an average withdrawal price of $3,876.

“Of these, 3,711 ETH were likely sold for profit, earning $1.451 million, while the remaining 5,000 ETH show an unrealized profit of $3.9 million,” an on-chain analyst posted.

Alongside aggressive accumulation, selling activity also picked up. Lookonchain noted that the wallet 0x172b offloaded 5,171 ETH (valued at $23.79 million) at a price of $4,601. The trade resulted in a loss of roughly $206,000.

“He bought these 5,171 ETH 2 days ago at an average price of $4,641 out of FOMO,” the post read.

Furthermore, a more established address began trimming a much larger position. This investor purchased 35,575 ETH between early March and April  2025, with an average price of nearly $2,022. Over the weekend, the wallet reportedly shed 11,986 ETH valued at $55.59 million.

“If this sale goes through, he will realize profits of $31.35 million, with a return rate of 129.4%; currently, his remaining 26,912 ETH are dispersed across more than a dozen addresses, with a total value of $124 million,” the analyst added.

From Bitcoin to PUMP: Whales Drive Fresh Waves of Volatility 

Besides ETH, some crypto whales also sold Bitcoin. Yesterday, Lookonchain flagged that a prominent Bitcoin OG, who swapped 35,991 BTC (around $4.04 billion) for 886,371 ETH (roughly $4.07 billion) two weeks ago, has returned to the market.

According to the data, two wallets tied to this investor deposited 1,176 BTC, valued at $136.2 million, to Hyperliquid and have already begun selling. The move signals renewed selling pressure on Bitcoin after a brief pause in activity.

In the PUMP ecosystem, one whale spent 3.22 million USDC to purchase 426.43 million PUMP on Hyperliquid. According to OnChain Lens, the average purchase price was $0.00755.

Yet two days earlier, the same investor deposited 1.23 billion PUMP (worth $7.27 million) into Binance. In parallel, another whale withdrew 1 billion PUMP (around $8.03 million) from Bybit.

“He now holds 5 billion PUMP ($39.42 million), with an unrealized profit of $19.65 million, exactly doubling his investment: He accumulated 4 billion TRUMP a month ago, plus these 1 billion today, with an overall average accumulation price of $0.00395,” analyst EmberCN wrote.

Smart trader DCfMe7 also locked in significant gains. Initially, he had bought 360.43 million PUMP for around $949,000 two months ago at $0.00263. He sold 130 million PUMP (valued at $1.11 million) at an average price of $0.00854. 

Despite taking profit, he still holds 230.43 million PUMP (about $1.86 million), with his total profit exceeding $2 million—a 213% return.

Big players were also on the move. The address HQm5 moved all his PUMP holdings to OKX. The crypto whale had acquired 2.5 billion PUMP through a $10 million private sale.

“All of his 2.5 billion PUMP ($18.14 million) has now been transferred to the exchange at an average price of $0.00725. His private sale cost was $0.004, meaning a profit of $8.14 million,” EmberCN highlighted.

Meanwhile, crypto whales also traded Solana (SOL). Galaxy Digital, a prominent institutional player, has intensified its Solana accumulation. The firm purchased 1.2 million SOL valued at $306 million.

This follows a broader trend, with the firm acquiring approximately 6.5 million SOL, totaling $1.55 billion, over the past five days. Separately, a whale or institution transferred 60,000 SOL, worth $14.82 million, to Binance.

“Four years ago, a whale/institutional address that acquired 991,000 SOL unlocked in April this year has currently made a profit of $280 million on SOL. After unlocking in April, this address transferred 375,000 SOL ($68.51 million) to Binance over the past 5 months, with an average price of $183. They still hold 962,000 SOL ($233 million), meaning they have only sold off the staking interest accumulated over the past four years,” EmberCN said.

All these transactions reflect a mix of accumulation, profit-taking, and strategic repositioning by major market players.