Anonymous Whale Amasses $621 Million in ETH from Binance

Crypto
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author: CryptoNews

date: November 04, 2025

1 min. read

An anonymous whale has been making waves in the Ethereum (ETH) market, aggressively accumulating a significant amount of the cryptocurrency. Recent activity tracked by Lookonchain reveals a strategic series of transactions indicative of a bullish outlook. Two weeks prior, this particular whale borrowed 66,000 ETH from Aave, leveraging 610 million USDC as collateral. The borrowed ETH was then deposited onto the Binance exchange. Over the past 48 hours, the whale initiated substantial withdrawals from Binance, totaling 174,166 ETH, valued at approximately $621 million. After strategically repaying the initial debt incurred from Aave, the whale now holds a net balance of 108,105 ETH. This calculated maneuver has resulted in profits exceeding $29 million, showcasing a sophisticated understanding of the market and potentially signaling positive sentiment towards ETH's future performance. ```