Ethereum Whale Buys $16M ETH as Crypto Market Surges
Big crypto moves are happening across the board.
A major crypto whale, known by the wallet address 0x46DB, just bought back 5,104 ETH (around $16.09 million) about 30 minutes ago, according to blockchain tracking platform LookOnChain. This isn’t the first time this whale has made a big move. Since December 3rd, they’ve been steadily buying Ethereum, now holding a total of 51,374 ETH — worth roughly $159.76 million. The average buy price? Around $3,110 per ETH.
Meanwhile, meme coins and altcoins are catching fire again. Tokens like ENA, ADA (Cardano), and SUI have all jumped more than 10% in the past 24 hours. This signals that money is rotating into high-risk, high-reward assets as investor appetite grows.
In other big news, Bitfarms, a major Bitcoin mining company, just sold off its operations in Latin America for $30 million. This move is part of their shift towards focusing on artificial intelligence and high-performance computing — a growing trend among traditional mining firms adapting to new tech opportunities.
Precious metals like gold and silver have hit new highs recently, which some market insiders say is driving funds back into the crypto space. As traditional markets heat up, crypto is once again becoming an attractive option for investors looking to diversify.
Bitcoin is back above $90,000, signaling strong momentum in the market. Ethereum is also gaining traction, recently crossing the $3,100 mark. Solana (SOL) has jumped too, climbing past $130.
Looking ahead to 2026, J.P. Morgan analysts say investors are increasingly searching for clearer crypto regulations. At the same time, stablecoins are becoming more popular in traditional financial services — a sign that the line between crypto and mainstream finance continues to blur.
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