Ethereum whale withdrawal from OKX sees $81M in ETH moved off exchange, fueling speculation but signaling bullish confidence in long-term.
Author: Chirag Sharma
August 30, 2025, an Ethereum whale withdrawal from OKX drew major attention across the crypto market. A prominent holder transferred 17,836 ETH—valued at around $81 million—out of the exchange, according to on-chain trackers. The transaction, flagged by analytics platforms like EmberCN and OnchainLens, quickly spread across social media, fueling speculation about whale intentions.
At the time, Ethereum was trading near $4,540 before dipping to $4,364 the following day, marking a 3.18% decline. Such high-value outflows often spark debate on whether large investors are bracing for volatility—or quietly positioning for long-term gains.
The wallet address 0x0C629Ef4a444eC3F7656618EaBa947bAd4172C58 was identified as the source of the $81 million transfer. Additional linked withdrawals included 12,410 ETH (worth about $54 million) and 7,260 ETH (around $32 million), suggesting a coordinated move by the same entity or cluster.
While whale movements from OKX are not rare, the aggregated size of these transfers stands out as one of the more significant single-day outflows of ETH in recent weeks. Analysts note that no redeposits or immediate sales were detected, adding intrigue to the .
Ethereum’s broader market context has been mixed. While the token trades at $4,364—down slightly from the previous week—it remains up significantly year-over-year, having climbed from $2,526 in 2024. Analysts point to more than $114 billion worth of ETH locked in staking protocols, alongside growing institutional participation, as signals of underlying strength.
Experts view the Ethereum whale withdrawal from OKX as potentially bullish. Moving funds to private wallets often signals accumulation, reducing sell-side pressure on exchanges. Such actions historically align with periods of price resilience and, in some cases, precede major rallies.
With Ethereum’s role in DeFi, NFTs, and upcoming network upgrades cementing its importance, large-scale withdrawals may reinforce confidence in the asset’s long-term trajectory, even amid short-term turbulence.
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