Derived from Blockbeats, on November 12, 2025, Lookonchain reported that several whale addresses are accumulating ETH despite a weak market. A new wallet, 0x392a, withdrew 10,050 ETH (about $34.38 million) from Kraken. Another new wallet starting with 0xa235 (possibly BitMine) bought 24,007 ETH (about $82.13 million) via Galaxy Digital OTC six hours ago. Additionally, a whale or institution that previously shorted 66,000 ETH has purchased 163,680 ETH (about $582 million) in just two days.
Lookonchain: Multiple Whale Addresses Accumulate ETH Amid Market Downturn
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