$250M Whale Buy Follows $628M Crypto Crash
The post $250M Whale Buy Follows $628M Crypto Crash appeared on BitcoinEthereumNews.com.
Key Notes A crypto whale spent over $250M to accumulate BTC and ETH. Bitcoin fell below $115K following Trump’s aggressive trade tariff announcement. Retail investors are selling into strength, while whales are quietly buying assets. A crypto whale has spent over $250 million buying up leading cryptocurrencies Bitcoin BTC $114 352 24h volatility: 3.6% Market cap: $2.27 T Vol. 24h: $55.52 B and Ethereum ETH $3 609 24h volatility: 6.7% Market cap: $435.23 B Vol. 24h: $38.09 B , just as a sudden downturn liquidated hundreds of thousands of traders and wiped $628 million from the market. Massive Whale Move Amid Market Panic According to on-chain data from Lookonchain, wallet “0xd8d0” transferred $178.36 million in USDC to market makers Wintermute and Coinbase, receiving in return 893 BTC (worth $103.5 million) and 20,000 ETH ($74.06 million). The total accumulation exceeds $250 million across BTC and ETH combined. Whale 0xd8d0 spent 178.36M $USDC to buy 893 $BTC($103.5M) and 20,000 $ETH($74.06M) in the past 5 hours. He transferred 178.36M $USDC to #Wintermute and #Coinbase, then received 893 $BTC($103.5M) and 20,000 $ETH($74.06M) from #Wintermute and #Coinbase.https://t.co/7eUZQPGfRO… pic.twitter.com/0tUOy4RVKZ — Lookonchain (@lookonchain) August 1, 2025 Interestingly, the purchase came shortly after US President Donald Trump issued an executive order imposing steep tariffs on countries that failed to reach trade agreements with the US, including South Africa, Switzerland, Taiwan, and Thailand, with rates ranging from 19% to 39%. Even allies like Canada, now facing 35% tariffs, weren’t spared. Bitcoin Drops Below Key Support At the time of writing, Bitcoin is trading at $115,000, down 2.5% over the past 24 hours and roughly 6.5% below its all-time high of $122,800 reached on July 14. The asset has broken below its three-week range, and analysts are now eyeing $111,000 as the next critical support. ETH has dropped worse, shedding…
