Ethereum whales split as some accumulate while others move coins in late January 2026

Beincrypto reports that in late January 2026 Ethereum whales are divided, with on-chain data showing some large holders accumulating ETH on dips while others rotate capital or move coins to exchanges. The second-largest cryptocurrency has erased early 2026 gains, trading below $3,000 and down nearly 5% year-to-date; at the time of writing ETH was $2,863.66, down 2.69% over 24 hours.

Lookonchain reported OTC address 0xFB7 bought 20,000 ETH worth $56.13 million and accumulated 70,013 ETH (~$203.6 million) over five days, while whales added more than 350,000 ETH in a single day last week and CryptoQuant data shows exchange reserves continuing to decline. Other moves include World Liberty Financial swapping 93.77 WBTC for 2,868 ETH, address 0xeA00 offloading 120 BTC to acquire 3,623 ETH, early whale 0xb5Ab depositing 50,000 ETH into Gemini after nine years of inactivity (an analyst said the address had withdrawn 135,000 ETH from Bitfinex nine years ago when ETH was about $90 and now still holds 85,000 ETH worth $244 million), and address 0x3c9E selling 5,500 ETH (~$16.02 million) at an average price of $2,912 after buying 2,000 ETH five days earlier.

Key Topics

Crypto, Ethereum, Whales, Lookonchain, Cryptoquant, Gemini