Ethereum Whale Buys $63 Million in ETH: Smart Money Calling a Bottom?

On November 2, 2026, an unidentified large Ethereum holder bought 27,553 ETH over five hours for about $62.97 million at an average price of $2,286, on-chain analytics platform Lookonchain reported. The purchase occurred while Ethereum traded below $2,300. It followed the holder’s earlier acquisition of 16,658 ETH using nearly $38 million in USDC. Ethereum’s network holds $44.5 billion in decentralized finance total value locked, and about 36% of ETH’s supply is staked.