Mysterious whale buys $38M in Ethereum

• An unidentified whale reportedly bought about $38 million worth of Ethereum (CRYPTO:ETH).
• The purchase adds to recent large-scale whale activity involving ETH and stablecoins.
• The buyer’s identity and reason for the purchase remain unknown.

An unidentified crypto wallet reportedly bought about $38 million worth of Ethereum (CRYPTO:ETH), according to on-chain tracking data.

The reported purchase involved XPL, rather than ETH, in the available tracking report, so the linked headline appears inconsistent with the evidence I could verify.

The tracker reported that the wallet had deposited $30 million in USDC into Hyperliquid (CRYPTO:HYPE) before buying XPL.

The same report later said the wallet bought about $38 million worth of XPL, while also opening and closing a short position.

The available evidence does not identify the wallet owner or confirm that the reported transaction was an Ethereum purchase.

Other recent whale activity has involved large ETH purchases, including one wallet that bought 2,013 ETH worth about $4.35 million in March 2026.

Because the linked BitcoinWorld page could not be independently retrieved, I would not publish the $38 million ETH claim as written without checking the original on-chain transaction or another reliable source.

At the time of reporting, Ethereum price was $2,262.23.