Whales Accumulate >$1.6B, Wilcke Moves 1,500 ETH

On-chain trackers report large Ethereum accumulation as 15 wallets received roughly 406,117 ETH (≈$1.6 billion) and another dataset shows 11 wallets withdrew about 295,861 ETH (≈$1.19 billion) from custodians including Kraken, Galaxy Digital, BitGo and FalconX. One tracked whale purchased 60,333 ETH for roughly $257 million at an average price of $4,256 and now shows an unrealized loss of about $20 million. Separately, Ethereum co‑founder Jeffrey Wilcke moved about 1,500 ETH (≈$6 million) to Kraken, a deposit that analysts say does not necessarily indicate an intention to sell. ETH has slipped below $4,000, trading near $3,943 in recent reports, dividing market sentiment between warnings of a bear market and buy‑the‑dip views. Rising inflows to accumulator addresses and large off‑exchange transfers suggest many large holders are positioning for longer horizons, which may reduce available sell pressure and increase the potential for volatility and upside if buying momentum continues.