Is Ethereum Whale Activity Signaling Price Surge to $5,500?

A significant Bitcoin whale with holdings exceeding $5 billion has resumed purchasing activity for Ethereum after a brief hiatus. This investor sold 1,000 BTC worth approximately $108.27 million to Hyperliquid and instantly converted the funds into Ethereum. This follows the whale’s prior purchase of 641,508 ETH worth $2.94 billion. The activity suggests continued buying interest, with the investor recently transferring $1.1 billion in Bitcoin to a new wallet for potential further purchases of crypto assets.