Ether purchases continue: 4 whales have also loaded up on an altcoin.

Institutions, companies, and whales continue to buy Ether. On the information provided this morning by the on-chain tracking firm Lookonchain, it showed the consecutive Ether purchases made by whales and companies.

"It may be connected to Bitmine"

Lookonchain reported that 4 new wallets opened in the last 30 hours acquired 78,891 ETH, stating that these wallets are "likely" connected to the company Bitmine. The ETH, worth a total of 360 million dollars, was purchased through the company FalconX.

Sharplink continues

In another piece of information provided by Lookonchain, it was stated that the company Sharplink sent 23.4 million USDT to Galaxy Digital. The post mentioned that this transfer was mainly made to acquire more Ether. Sharplink, led by Joseph Lubin, is positioned as the second company holding the most ETH after Bitmine.

4 HYPE purchases from whales

Lookonchain indicated yesterday at around 3 PM that 2 whales received a total of 18.2 million dollars worth of HYPE. The platform also stated today that 2 different whales received a total of 8.4 million dollars worth of HYPE tokens.

In a recent article, Arthur Hayes stated that Hyperliquid would greatly appreciate with the increase in stablecoin adoption and that he expects a long-term rise of 126 times in HYPE token.

Published: August 28, 2025 12:32