- Four wallets likely linked to BitMNR received 42,867 ETH worth $198M from FalconX in a single 12 hour window.
- Ethereum inflows peaked at $230M on August 9, driving prices from $3,800 to near $5,000 during increased trading activity.
- Heavy outflows above $150M late August steadied ETH near $4,500 after a drop from almost $5,000 to $4,300.
Large Ethereum transactions continue to draw attention as fresh wallets accumulate high amounts of the digital asset. According to Lookonchain, four wallets believed to be linked with BitMNR received 42,867 ETH, worth about $198 million, from FalconX within just 12 hours.
These movements show growing activity among whales and institutions at a time when Ethereum’s netflow values show sharp fluctuations. Data over August shows a complex balance between exchange inflows and outflows, each showing different investor strategies as ETH’s price rose between $3,100 and $5,000.
Steady Rise in Early August
Between August 3 and 7, Ethereum posted moderate inflows and outflows. Despite the balanced flows, its price climbed from around $3,100 to $3,700. This period indicated cautious but steady accumulation as investors adjusted positions.
However, momentum accelerated between August 8 and 12, when inflows surged. The largest occurred on August 9, with nearly $230 million moving into exchanges. At the same time, Ethereum’s price surged from $3,800 toward highs close to $5,000. This shows increased trading activity and short term speculation across markets.
Outflows Dominate Mid August
The following week, from August 13 to 20, the trend changed notably. Outflows began to dominate, with several days recording over $100 million withdrawn. Ethereum’s price, however, held within the $4,500 to $4,800 range during this phase.
This behavior suggested investors moved ETH away from exchanges while retaining market exposure. Such withdrawals coincided with a relatively stable price zone, a clear difference from the earlier inflow driven rally.
Volatility Returns Late August
Volatility gained momentum during the last part of August, with stunning price reversals and movements. Inflows were over $200 million on Aug. 23, but short-lived momentum. Ethereum dropped from near $5,000 to around $4,300 by Aug. 25.
Following this decline, the perpetual outflows returned, frequently more than $150 million. During this time, Ethereum bottomed out at around $4,500, in spite of massive capital flows. The contrasting flows showed strong exchange activity and large investor movements influencing Ethereum price movement during late August.
