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A major whale address (0x3952) just accumulated another 12,000 ETH, valued at approximately $39.98M in this latest move.
Looking at the bigger picture since June 2025, this wallet has been quite active: they've withdrawn a total of 116,000 ETH ($364M) while depositing 35,021 ETH ($141.3M). Their current ETH holdings stand at 80,979 tokens, worth around $270M—and they're sitting on a substantial $47.5M profit from these trades.
Such concentrated whale activity on Ethereum could be signaling shifts in market sentiment. Whether this represents accumulation before a bullish move or profit-taking ahead of volatility remains to be seen, but traders watching these on-chain movements may want to pay attention.