Crypto whales, those large entities with significant holdings of cryptocurrencies, are making moves in the market. Recently, one whale was observed withdrawing nearly half a billion dollars’ worth of Ethereum (ETH) from various crypto exchanges. The blockchain tracking firm Lookonchain first detected an address starting with “0x4359” taking out their ETH from Binance and decentralized exchanges (DEXes). In just under two weeks, this whale has accumulated around $405.19 million worth of ETH. Specifically, they withdrew 10,119 ETH ($31.85 million) from Binance and purchased 127,388 ETH ($405.19 million) from DEXes and Binance since April 8th at an average buying price of approximately $3,172.

On the same day, another unidentified entity was seen by the whale tracking service Whale Alert sending 14,408 ETH, worth over $45.745 million, to the crypto exchange OKX. Whale Alert also discovered a wallet involved in the initial coin offering (ICO) of Ethereum, which recently moved 197 ETH worth $622,685. Interestingly, this wallet had been inactive for almost nine years prior to this transaction.

In addition, another whale attempted to leverage-long Ethereum after previously experiencing significant losses in a similar move. Lookonchain identified this entity borrowing USDT from the lending platform Compound (COMP) to go long on ETH. This particular whale had lost a total of $4.5 million in previous attempts. On Sunday, they withdrew 8,249 ETH ($26.18 million) from Binance and deposited it into Compound, subsequently borrowing 17.3 million USDT from the platform.

As of now, Ethereum is trading at $3,222.

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