Ethereum Whale Buys $17.5M After $24.9M Sale

Ethereum wallet 0x65B4 repurchased 7,448 ETH, approximately $17.5 million at $2,350 per ether, three days after selling 10,829 ETH for about $24.9 million, according to onchain data. The buy occurred as ether steadied above $2,350.

Onchain records show the wallet sold 10,829 ETH when ether traded near $2,300 and later bought 7,448 ETH at $2,350, around 2% higher than the earlier sale. The sequence leaves the wallet with a net holding of 7,448 ETH compared with 10,829 ETH before the earlier sale.

The transactions took place amid market turbulence after a vulnerability tied to rsETH led to a KelpDAO exploit. The incident prompted liquidations and withdrawals from the Aave lending protocol; Aave’s total deposits fell from roughly $45.8 billion to below $30 billion in the aftermath.

That episode pushed ether toward the $2,300 area before prices stabilized near $2,350. The wallet’s purchases were recorded as volatility eased.

Other large onchain flows on April 23 included mining pool Bitmine adding 101,627 ETH, about $233 million, recorded as one of its largest weekly acquisitions so far in 2026. Grayscale engaged in asset activity and notable bitcoin flows were observed around the same time.

Onchain analysts have been tracking these patterns. One analyst, Ki Young Ju, observed that ‘bitcoin tends to be closest to a bottom when it looks least attractive,’ a comment cited by market watchers studying entry points after sharp sell-offs.

Public onchain data and market feeds allowed observers to track the timing, size and counterparties of the transactions.