Massive Ethereum Transaction Catches Attention

A significant Ethereum (ETH) transaction has recently garnered interest within the crypto community. According to the blockchain data tracker Whale Alert, 129,392 ETH worth $312,981,377 was transferred from an unknown wallet to the major crypto exchange Coinbase.

> 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 129,392 #ETH (312,981,377 USD) transferred from unknown wallet to #Coinbase link
> — Whale Alert (@whale_alert) June 20, 2025

The timing of the transfer is particularly noteworthy, as Ethereum’s price is currently trading lower. Deposits to exchanges often indicate an intent to sell, while withdrawals may signal buying. This movement could suggest an institution reshuffling its funds, but the exact reason and the identity of the sending wallet remain unknown.

Consequently, the market is closely observing to determine whether the ETH will be sold off, held in reserve, or reallocated. At present, Ethereum is trading lower, reflecting a broader sell-off in the crypto market, which has led to $471 million in liquidations.

ETH Price in Red Despite ETF Inflows

Ethereum ETFs initially showed little demand in their first year; however, recent trends have improved due to renewed institutional interest. According to SoSoValue, funds tracking the price of spot ETH are expected to see their sixth consecutive week of inflows and the eighth positive week out of the last nine.

Despite the increase in inflows, Ethereum’s price remains negative this month and unchanged from the previous month.

For the year, Ethereum is down 25%, primarily due to uncertainty about its value proposition, decreased revenue since its last significant technical upgrade, and increased competition from Solana. The recent volatility in the market, exacerbated by macroeconomic uncertainty, has not been beneficial either.

In March, Standard Chartered reduced its Ethereum price target by more than half, although the firm noted that the coin might still experience recovery this year. As it stands, ETH was down 3.26% in the last 24 hours to $2,425 and down 4.17% weekly.