Oh, the drama of the crypto world! Just when you thought Ethereum whales were the picture of serenity, floating gracefully in their digital ocean, they decide to flip the boat. 🌊💥 According to a tweet from the ever-vigilant LookOnChain, one particularly greedy leviathan, tagged as “0x3e38,” just dumped 7,500 ETH (a cool $32.33 million) into Binance. Because, you know, why not? 🤑
Some whales have started selling $ETH to take profits.
Whale 0x3e38 deposited 7,500 $ETH($32.33M) into #Binance an hour ago.
From July 20 to Aug 12, he withdrew 15,202 $ETH($58.8M) from #Binance at $3,869 avg.
He still holds 7,702 $ETH($33M), with a total profit of $6.7M. 🦈✨
– Lookonchain (@lookonchain) September 3, 2025
Apparently, this whale has been playing the crypto version of “musical chairs” since July, pulling out 15,202 ETH (worth $58.8 million) at an average price of $3,869. And even after today’s grand exit, the wallet still holds 7,702 ETH, valued at $33 million, with a tidy $6.7 million profit. Because, let’s face it, who doesn’t love a good hoard? 🏦💰
But wait, there’s more! Another whale decided to join the party yesterday, moving 2,585 ETH to Binance. It’s like a crypto version of Black Friday, except instead of discounted toasters, it’s millions of dollars changing hands. 🛍️💸
Meanwhile, the U.S. spot Ether ETFs are having a worse day than a forgotten houseplant. According to SoSoValue, they saw $135 million in outflows on September 2. Ouch. 🪴💔 And this is the second consecutive day of redemptions after weeks of strong inflows. Bitcoin ETFs, on the other hand, are sipping champagne, having drawn over $300 million on the same day. 🥂
And let’s not forget the seasonal blues. September, aka “Red September,” is the crypto equivalent of a Monday morning after a three-day bender. Traders dread it because historically, it’s been a month of negative returns. Bitcoin has averaged nearly 4 percent losses in September for over a decade, and Ethereum usually follows suit. It’s like the entire market decided to take a collective nap. 😴💤
So, what’s the takeaway? Whales are cashing out, ETFs are crying, and September is being its usual grumpy self. But hey, at least we’re not stuck in a real boat with these whales-imagine the splashing! 🚤🐳
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2025-09-03 19:22