Shift in the crypto market? ETH whale covers, Solana whale exits
While an Ethereum whale is massively increasing, a Solana whale is retreating. What signals are major investors sending and where is it worth taking a closer look for investors?
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• Shift in the crypto market
• Ethereum whale increases, Solana loses major investors
• Investors monitor large transactions
The crypto market is currently experiencing exciting developments among the so-called “whales” – the large investors who often follow price movements. While an Ethereum whale invests heavily in ETH, a Solana whale withdraws a large portion of its capital from the market. These transactions could potentially be an early signal of increasing market preference for Ethereum over Solana.
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Ethereum is attracting institutional interest
A newly created wallet purchased around $32 million worth of Ethereum on the OKX crypto exchange on October 23, 2025, according to data from Arkham. This move follows previous purchases by SharpLink and Bitmine Immersion Technologies, which previously accumulated 203,826 and 19,271 ETH, respectively, in October.
Bitget Wallet CMO Jamie Elkaleh told Decrypt: “The purchase of the newly created wallet will likely be driven by inflows into digital asset treasuries.” The accumulation “increased institutional interest and liquidity,” he added.
These purchases show that Ethereum is becoming attractive not only for retail investors, but also increasingly for institutional investors. While overall market dynamics are cautious, whales’ transactions indicate targeted investment.
Crypto Trends Shift: Solana Whale Withdraws Millions
In contrast to Ethereum, Solana is currently experiencing significant outflows. A whale transferred 515,000 SOL to Binance in the last four months, according to two X posts from EmberCN, a Chinese on-chain analytics account.
The move “implies a market preference for Ethereum ecosystem projects over Solana” and suggests “decreasing whale confidence,” “possibly due to scalability concerns or competition,” Elkaleh commented in an interview with Decrypt. Such outflows from large investors can lead to additional short-term selling pressure, which in turn increases market volatility.
Bitcoin remains volatile: Still opportunities for investors?
While Ethereum is attracting capital and Solana is draining funds, the Bitcoin market is showing different dynamics. According to the analysis platform Hyperdash, which Decrypt refers to, a whale closed a short position of 1,107 BTC opened on October 22nd just one day later with a profit of 835,000 dollars. In total, the investor achieved a 100 percent profit in seven trades and over $6.6 million in profit within a week.
According to Decrypt, Elkaleh sees this as a clear signal: the conclusion of the short position indicates a “potential bottom formation if supported by a broader market recovery.” This could make Bitcoin interesting in the short term for investors who are counting on a stabilization or moderate recovery.
Bettina Schneider / editorial team finanzen.net
This text is for informational purposes only and does not constitute an investment recommendation. finanzen.net GmbH excludes any claims for recourse.