Whales and institutions move over $110 million of Ethereum to exchanges

Beincrypto reports Ethereum is facing notable selling pressure in January 2026 after whale wallets and institutional players moved more than $110 million worth of ETH onto major exchanges. On-chain data and Lookonchain reports show a wallet identified as 0xB3E8 transferred 13,083 ETH (about $43.35 million) to Gemini last week and still holds 34,616 ETH (roughly $115 million).

Lookonchain also said Ethereum holding company FG Nexus sold 2,500 ETH (around $8.04 million) and still holds 37,594 ETH (about $119.7 million), noting a prior transfer of 10,975 ETH to Galaxy Digital on Nov. 18 and 19, 2025. A wallet possibly linked to venture firm Fenbushi Capital sent 7,798 ETH (approximately $25 million) to Binance after the tokens had been staked for two years.

Market indicators add context: the Coinbase Premium Index is in negative territory, which signals relatively weaker US institutional demand. While exchange inflows are often seen as an early signal of potential selling, they do not confirm immediate liquidation because funds can be moved for rebalancing, collateral, hedging or over-the-counter settlements.

Key Topics

Crypto, Ethereum, Coinbase Premium Index, Staking, Gemini, Binance