Whales and hackers are winning the Ethereum pump
The post Whales and hackers are winning the Ethereum pump appeared on BitcoinEthereumNews.com.
Ethereum (ETH) is riding on a huge bullish wave, smashing all the highly anticipated price levels. ETH just smashed past $3,400 mark, looking to get over $3,500 now, and whales can’t keep calm. The largest altcoin price has jumped by 23% over the last 7 days. The ongoing Ethereum price surge has grabbed the attention from Bitcoin’s ATH rally and triggered sentiments of altcoin season in the market. Bitcoin price dropped to below the $118K level after hitting a fresh ATH of above $123K. The global digital assets market cap surged by 1.5% over the last day to stand at $3.81 trillion. Trump buys, hacker sells According to the data shared by Lookonchain, Donald Trump’s World Liberty Financial (WLF) splashed $10 million USDC to buy 3,007 ETH at an average of $3,326. The fund has been hoarding ETH since November, now sitting on 70,505 ETH worth $230 million, with a neat $7 million in paper gains. It added that from November 29, 2024, to March 5, 2025, WLF has accumulated 66,275 Ethereum (approx. worth $215 million) at an average price of $3,243. They’re not alone as SharpLink Gaming also jumped in. In just 5 hours, they vacuumed up 20,279 ETH (approx. worth $68.38 million). This move brings their 8-day binge to 111,609 ETH (worth $343 million). However, a mysterious whale 0x35fb resurfaced and scooped 7,980 ETH from Kraken. This whale has been busy buying 88,292 ETH in the last week alone. That’s nearly $300 million drifting off exchanges. This suggests that someone’s getting ready for something big or knows something we don’t. Meanwhile, not every whale is swimming upstream as two major players have dumped a combined 178,080 ETH (approx. worth $528 million). Trend Research, which bought 184,115 ETH between February and June at $2,118 average, just cashed out 79,470…
