TLDR
- The Ethereum price reached $4,196.30, marking its highest level in 2025, after a 5.52% rise in 24 hours.
- Ethereum co-founder Jeffrey Wilcke transferred 9,840 ETH worth $9.22 million to Kraken during the rally.
- Wilcke still holds 95,897 ETH valued at approximately $401.6 million after the latest movement.
- Arthur Hayes sold 2,373 ETH last week and repurchased using 10.5 million USDC at a higher Ethereum price.
- Whale wallet 0xF436 withdrew 17,655 ETH worth $72.7 million from exchanges within the past 18 hours.
Ethereum’s latest rally has triggered significant whale activity, with prominent industry figures executing multimillion-dollar transactions within days. The Ethereum price reached $4,196.30, marking its highest point this year after gaining 5.52% in the last 24 hours. Large buys and sales from influential holders are shaping market momentum and short-term expectations.
Whale Activity Rises as Ethereum Price Peaks
Ethereum co-founder Jeffrey Wilcke moved 9,840 ETH, valued at $9.22 million, to Kraken as Ethereum price hit a new yearly high. The transfer occurred about an hour ago, according to Lookonchain, marking his first major movement since March. Three months ago, Wilcke moved 105,737 ETH to eight newly created wallets.
Jeffrey Wilcke, the Co-founder of #Ethereum, deposited 9,840 $ETH($9.22M) into #Kraken an hour ago.
Jeffrey Wilcke transferred 105,737 $ETH to 8 newly created wallets 3 months ago and currently holds 95,897 $ETH($401.6M).https://t.co/ZysQUM1zVg https://t.co/i61jUjYrIB pic.twitter.com/rUL93r5IWU
— Lookonchain (@lookonchain) August 9, 2025
Despite the latest sale, Wilcke still holds 95,897 ETH, valued at approximately $401.6 million at the current Ethereum price. Market observers note that the timing aligns with renewed momentum following Ethereum’s breakout above $4,000. The rally has intensified trading activity and reinforced demand among both institutional and retail participants.
This transaction highlights mixed whale behavior as some take profits while others increase positions. “These are opportunistic moves during high liquidity phases,” an analyst remarked. Sustained buying pressure could push the Ethereum price toward higher resistance levels if momentum continues.
Arthur Hayes Re-Enters Ethereum Position
BitMEX co-founder Arthur Hayes sold 2,373 ETH for $8.32 million a week ago when the Ethereum price traded near $3,507. Four hours ago, Lookonchain recorded his transfer of 10.5 million USDC to repurchase ETH at higher levels. Hayes confirmed the move publicly, humorously asking for forgiveness for selling too early.
Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M) a week ago when the $ETH price was ~$3,507.
4 hours ago, he moved out 10.5M $USDC to buy back $ETH at a higher price.https://t.co/SUhcOE4I0o pic.twitter.com/VzEBgje7dh
— Lookonchain (@lookonchain) August 9, 2025
The buyback underscores ongoing bullish sentiment among certain large holders despite previous profit-taking. Whale wallet 0xF436 also withdrew 17,655 ETH worth $72.7 million from exchanges in the past 18 hours. Another wallet, 0x3684, spent 34 million USDT to acquire 8,109 ETH at $4,193 each.
Such accumulation signals confidence in short-term performance while helping absorb selling pressure from other whales. Analysts believe that large-scale withdrawals often indicate longer-term holding strategies. The Ethereum price has maintained stability despite heavy transactions on both sides of the market.
Erik Voorhees Sells 6,581 ETH at $4,161
ShapeShift founder Erik Voorhees sold 6,581 ETH, valued at $27.38 million, earlier today when the Ethereum price reached $4,161. Nine years ago, when the token traded at $7.74, he originally received 14,945 ETH from ShapeShift. That allocation was worth $115,600 then and is now valued at $62.68 million.
Erik Voorhees(@ErikVoorhees) — early Bitcoin evangelist and founder of ShapeShift — sold 6,581 $ETH($27.38M) today at $4,161.
9 years ago, he received 14,945 $ETH($115.6K then, $62.68M now) from #ShapeShift when $ETH was just $7.74.
His last $ETH sale was on Dec 6, 2024,… pic.twitter.com/gaBAEOR3tz
— Lookonchain (@lookonchain) August 9, 2025
Voorhees’ last major transaction occurred on December 6, 2024, when he sold 7,807 ETH for $31.27 million at $4,005. After today’s sale, he still holds 556.68 ETH valued at $2.33 million. His activity adds to the wave of profit-taking at multi-month highs.
