Ethereum (ETH) — Onchain News & Whale Tracking

Katana will airdrop approximately 15% of KAT tokens to POL stakers on Ethereum.

On May 28th, the Katana Network, which was incubated by Polygon Labs and GSR and received support from Conduit, has become live. Katana is the graduation project of the Agglayer Breakout Initiative. It uses Agglayer as a standard bridge and leverages VaultBridge for yield generation. It has also become the first Agglayer CDK chain to utilize the CDK OP Stack, marking the beginning of Agglayer's multi-chain era. The Katana Foundation plans to give back to the Polygon ecosystem by airdropping approximately 15% of the KAT tokens to POL stakers on Ethereum. The Katana Mainnet is live and will open for public access in late June 2025.

Yesterday, the US Ethereum Spot ETF saw a net inflow of $38.8 million, marking the seventh consecutive day of net inflows.

On May 28th, according to Farside Investors' data, the net inflow of Ethereum spot ETF in the United States yesterday was $38.8 million, marking the seventh consecutive day of net inflow. This includes: - The net inflow of Grayscale ETHA was $32.5 million. - The net inflow of Fidelity FETH was $3.4 million. - The net inflow of VanEck ETHV was $2.9 million.

Ethereum ICO Whale Deposits 597 ETH to Kraken, Worth $1.57 Million

On May 28th, as per the monitoring of ai_9684xtpa, the "2015 ICO 100,000 ETH OG Whale" deposited 597 ETH into Kraken 18 minutes ago, which is worth $1.57 million.
Since March 2025, this whale has sold a total of 13,810 ETH, achieving a profit of $26.68 million and having a cost as low as $0.31.

Ethereum Ecosystem Tokens Surge Across the Board, ETHFI Surges Over 15.42% in 24 Hours

On May 27th, based on HTX market information, Ethereum ecosystem tokens witnessed a general upward trend. These include: ETHFI is currently at $1.424, showing a 24-hour increase of 15.42%; COW is currently at $0.4365, with a 24-hour growth of 8.6%; AAVE is currently at $281, having a 24-hour increase of 8.22%; GMX is currently at $16.47, with a 24-hour rise of 7.5%; EIGEN is currently at $1.559, with a 24-hour increase of 6.2%. Today, the publicly traded U.S. company SharpLink Gaming announced an Ethereum treasury reserve strategy and planned to raise $425 million for additional holdings.

SharpLink Gaming announces Ethereum Treasury Reserve Strategy, aiming to raise $425 million for accumulation.

On May 27th, according to GlobenewsWire, the U.S. listed company SharpLink Gaming, Inc. (Nasdaq: SBET) announced today that it has entered into a securities purchase agreement for a private placement worth $425 million. It plans to issue approximately 69.1 million shares of common stock (or equivalent securities) at a price of $6.15 per share (with company management team members at $6.72 per share). Consensys Software Inc. will take the lead in the investment as the main investor, and participants include ParaFi Capital, Electric Capital, Pantera Capital, Galaxy Digital, and other well-known crypto venture capital firms. The transaction is expected to be completed on May 29th. SharpLink intends to use the raised funds to purchase Ethereum as the company's primary treasury reserve asset. After the transaction is completed, Joseph Lubin, the co-founder of Ethereum and the founder and CEO of Consensys, will serve as the chairman of the SharpLink board and act as a strategic advisor to a

Ethereum Gas Fee Surge, Currently at 57 Gwei

On May 27th, based on Etherscan data, it is likely that due to the listing of Puffverse Token (PFVS) on Binance Alpha on the Ethereum chain, the Gas fee of the Ethereum network has risen to 57 Gwei.

In the past 4 hours, Ethereum saw $13.60 million in liquidations, while Bitcoin saw $7.43 million in liquidations.

On May 27th, according to Coinglass data, within the past 4 hours, Ethereum witnessed a cumulative liquidation of $13.60 million, and Bitcoin had $7.43 million in liquidations. The overall liquidations across the entire network reached $31.53 million, with long liquidations amounting to $5.68 million and short liquidations totaling $25.85 million.

Ethereum ICO Whale Deposits Another 999 ETH to CEX, Still Holding 53,619 ETH

On May 27th, according to the monitoring of ai_9684xtpa, after a month, the "ETH ICO Whale with 1 Million ETH" once again sold ETH. Six minutes ago, it recharged 999 ETH to OKX, with a value of $2.58 million, at a cost as low as $0.31. Currently, the whale still holds 53,619 ETH, worth $138 million. Among them, 24,000 ETH were transferred to a new multi-signature address 22 hours ago and may be sold in the near future.

Ethereum Surpasses $2600

On May 27th, based on HTX market data, Ethereum exceeded $2600, and the 24-hour change was 1.47%.

Inferno Drainer exploits a new attack vector using Ethereum EIP-7702, resulting in a $150,000 loss in a single transaction

On May 26th, according to the blockchain security platform Scam Sniffer, the phishing group Inferno Drainer recently utilized the Ethereum EIP-7702 upgrade feature to carry out a new type of attack, resulting in approximately $150,000 in losses for a single transaction. EIP-7702 is a key feature of the Pectra upgrade, enabling an externally owned account (EOA) to temporarily possess smart contract capabilities during a transaction. The attacker took advantage of an authorized MetaMask wallet and initiated batch token transfer operations. SlowMist founder Cao Yin pointed out that this event represents an evolution in phishing strategies: attackers no longer directly hijack wallets but instead entice users to trigger MetaMask's "execute" command, silently carrying out malicious batch approvals in the background to complete asset transfers. (Beincrypto)

A certain Ethereum ICO Whale dumped 10,195 ETH in the past hour, realizing a 5,000x ROI.

On May 25th, based on the monitoring by on-chain analyst Wu Jinyu, a whale/institution that took part in the Ethereum ICO in 2015 and received 50,000 ETH (with an ICO price of $0.311) transferred the last 10,195 ETH from the address within the past hour to Kraken. The 50,000 ETH from the ICO cost $15,000. These ETH have been transferred to Kraken over the past 8 years at an average price of $1,555, with a value of $77.76 million. The overall return is 5,000 times.

Vitalik: Ethereum Needs to Have Sufficient Resilience and Privacy Capabilities

On May 25th, Vitalik Buterin, a co-founder of Ethereum, posted on social media, stating, "The Nordic countries are giving up the pursuit of a 'cashless society' because they realized that the centralized implementation of this concept is too fragile. It turns out that cash as a backup is necessary." "Ethereum needs to possess sufficient resilience and privacy to play a trusted role in this situation."

Ethereum-Based USDC Usage Reaches All-Time High

On May 25th, according to Token Terminal data, the usage of USDC on Ethereum has achieved a brand new record high. The outstanding supply amounts to approximately $4 billion. The monthly transfer amount of USDC is about $635 billion, and there are around 7.2 million transfers per month.

The ETF Store CEO: The Launch of an Ethereum ETF Is a Regulator's Last Resort

On May 25th, as stated in a post by Nate Geraci, the President of The ETF Store, on X: "A year ago, the U.S. Securities and Exchange Commission 'by chance' gave approval to a physically backed Ethereum ETF. My initial view has been proven correct: due to Grayscale winning the lawsuit against the U.S. SEC, the regulatory agency had no other option. I hope that one day we will be able to understand the entire story. Since then, although the regulatory environment has undergone significant changes, no other physically backed cryptocurrency ETF has been officially approved so far."

Ethereum EIP-212 Conference: Fusaka Devnet-0 to Launch on May 26

On May 25th, based on Tim Beiko's summary of the 212th Ethereum All Core Developers Meeting (ACDE), this meeting mainly focused on the following aspects: Fusaka Devnet-0 is scheduled to launch on May 26th. There was a discussion on Fusaka EIP categories (EIP-7825 will set the transaction gas limit to 30M; EIP-7918 will link the Blob fee to the Base Fee to mitigate fee volatility; both of these are confirmed to be included in Devnet-1. Other candidate EIPs are expected to be included in Devnet-2). Regarding the testnet strategy, the first fork will be at Sepolia, with Hoodi retained for application testing; the community is encouraged to maintain long-term testnets. For future plans, the CL Call will be held next week to decide on EIP-7917; the ACDE will finalize Devnet-2 and start the Glamsterdam discussion two weeks later, and so on.

Viewpoint: Ethereum May Test Range Low of $2,380 Again

On May 25th, based on the analysis of @ali_charts, Ethereum may once again test the lower bound of the previous range consolidation area at $2380.

Ethereum Drops Below $2500

On May 25th, based on HTX market data, Ethereum has fallen below $2,500 and is currently trading at $2,485.22, showing a 24-hour decrease of 2.66%.

Yesterday, the US Ethereum Spot ETF saw a net inflow of $58.6 million

On May 24th, according to Farside Investor's monitoring, it was observed that there was a net inflow of $58.6 million in the US Ethereum spot ETF yesterday. This includes: - BlackRock ETHA: +$52.8 million - Grayscale Ethereum Trust: +$5.8 million

USDC Treasury Mints Additional 100 Million USDC on the Ethereum Blockchain

On May 23rd, according to the monitoring of Whale Alert, at 22:06 Beijing time on this day, the USDC Treasury minted 100 million USDC on the Ethereum blockchain.

Cryptocurrency Lending Platform Ledn to End Ethereum Support in Favor of Bitcoin Collateralized Loans

May 23rd. As reported by TheBlock, the cryptocurrency lending platform Ledn announced that it is going to cease providing Ethereum support and interest-bearing services and will fully transition to a Bitcoin-backed lending model. Commencing from July 1st, the platform will only offer the "Bitcoin Custodian Lending" service, with client collateral being fully safeguarded by Ledn or its partner institutions. Ledn had launched Ethereum collateralized lending services in February 2024, and this adjustment implies that the "Interest Accounts" for both BTC and ETH will be closed concurrently.

Ethereum Falls Below $2,500, 24-hour Decrease of 5.53%

On May 23rd, according to HTX market data, the price of Ethereum fell below $2,500, experiencing a 24-hour decrease of 5.53%.

Ethereum Drops Below $2600

On May 23rd, according to HTX market data, the price of Ethereum fell below $2600, experiencing a 24-hour decline of 2.22%.

Yesterday, the United States Ethereum spot ETF saw a net inflow of $110.5 million, marking the fifth consecutive day of net inflows.

On May 23rd, based on Farside's monitoring data, the US Ethereum spot ETF witnessed a net inflow of $110.5 million the previous day, indicating that it had experienced net inflows for five consecutive days.

Whale James Wynn just opened an Ethereum long position that is currently up $1.41 million

On May 23rd, based on on-chain data, whale James Wynn's approximately 1-hour-old 25x long position in Ethereum is currently showing an unrealized gain of $1.41 million. The specific data is as follows: Position Value: $61.53 million Entry Price: $2,666.31 Unrealized Gain: $1,411,197

Ethereum Breaks $2,700, Up 4.83% in the Last 24 Hours

On May 23rd, based on HTX market data, Ethereum has surpassed $2,700 and is currently priced at $2,706, with a 24-hour increase of 4.83%.

An Ethereum OG address has transferred 2500 ETH to Kraken after 4 years of inactivity

On May 23rd, as monitored by LookOnChain, an Ethereum OG address beginning with 0x4fA0 transferred 2500 ETH to Kraken after being dormant for 4 years. This amount is approximately worth $6.65 million. At present, the address still holds 12,157 ETH (about $32.35 million).

Whale James Wynn Opens 25x Ethereum Long Position

On May 23rd, according to on-chain data, the whale James Wynn has initiated a 25x leveraged long position in Ethereum. The details are as follows: Position Value: $60.15 million Entry Price: $2,666 Unrealized P&L: $85,369

The SEC Delays Decision on 21Shares Ethereum ETF Physically Backed Proposal

On May 23rd, the U.S. Securities and Exchange Commission (SEC) postponed its decision regarding the custody proposal of 21Shares' Ether ETF.

A Ethereum ICO Whale Sells Another 1000 ETH

On May 22nd, according to the monitoring of @ai_9684xtpa, a whale that received 100,000 ETH during the 2015 Ethereum ICO sold another 1,000 ETH two hours ago. The value of these 1,000 ETH is $2.65 million.

Cetus Hacked with Loss of Over $260 Million, Hacker Cross-Chain Swapped 60 Million USDC to Ethereum Mainnet

On May 22nd, as per the monitoring of LookOnChain, Cetus suffered a hacker attack, resulting in a loss of more than $260 million. The hacker is currently converting the stolen funds into USDC and conducting cross-chain transfers to the Ethereum mainnet for the exchange of ETH. As of now, approximately 60 million USDC has completed the cross-chain transfer.

Cetus Hackers are currently removing token liquidity and transferring USDC from the Sui chain to the Ethereum mainnet

On May 22nd, according to the monitoring of @ai_9684xtpa, in the past 30 minutes, the Cetus hacker address mainly carried out two actions: Firstly, it withdrew liquidity from tokens; Secondly, it transferred a large amount of USDC from Sui to the Ethereum mainnet (as most of the token pools use stablecoins which are USDC, this part accounts for a large proportion).

Sentora: Nearly 60% of Ethereum Holders Back in Profit

On May 22nd, Sentora (formerly known as IntoTheBlock) released a post indicating that following a substantial sell-off since December 2024, Ethereum's percentage of profitable addresses sharply dropped from over 90% to just 32% in April 2025. The rebound was equally intense, and as of now, nearly 60% of holders have returned to a profitable status. Ethereum has not witnessed such a large-scale fluctuation since 2017.

A certain Ethereum ICO participant deposited 1050.5 ETH to Kraken, worth around $2.74 million

On May 22nd, as per the monitoring of Onchain Lens, a particular Ethereum ICO participant transferred 1050.5 ETH (valued at $2.74 million) into Kraken. This participant still possesses 7261.84 ETH (valued at $19.1 million) and has distributed it across multiple wallets for staking.

Ethereum Spot ETF recorded a total net inflow of $587.1k yesterday, marking its 4th consecutive day of net inflows.

On May 22nd, according to SoSoValue data, yesterday (May 21st in Eastern Time), the total net inflow of Ethereum spot ETF was $587,100. Among the Ethereum spot ETFs, the one with the highest net inflow on a single day yesterday was the Blackrock ETF ETHA, with a net inflow of $24,863,600. Currently, the total net inflow of ETHA has reached $4.347 billion. The Ethereum spot ETF with the highest net outflow yesterday was the Fidelity ETF FETH, with a net outflow of $24,276,400. Currently, the total net inflow of FETH has reached $1.403 billion. As of the time of writing, the total net asset value of the Ethereum spot ETF is $8.737 billion, and the ETF net asset ratio (market value as a percentage of the total Ethereum market value) is 2.88%. The historical cumulative net inflow has reached $2.591 billion.

Ethereum Surges Above $2500

On May 22nd, based on HTX market data, Ethereum saw a rebound and broke through $2500, with a 24-hour percentage change of 0.74%.

The SEC Acknowledges BlackRock's Physical Redemption Ethereum ETF

On May 22nd, based on market information, the U.S. Securities and Exchange Commission has given approval to the physical redemption of BlackRock's Ethereum Exchange-Traded Fund.

Ethereum Drops Below $2,500

On May 22nd, based on HTX market data, Ethereum dropped below $2500, and its 24-hour percentage change was -0.40%.

Ethereum Surpasses $2600

On May 22nd, based on HTX market data, Ethereum has exceeded $2600 and is currently trading at $2601.

Circle has once again minted 1 billion USDC on the Ethereum network.

On May 22nd, according to Whale Alert's monitoring, Circle once more minted 100 million USDC on the Ethereum network at 0:03 UTC.

Circle Issues 1 Billion USDC on the Ethereum Network

On May 21st, according to the data monitoring of Whale Alert, Circle minted 100 million USDC on the Ethereum network at 23:51 Beijing time.

Arthur Hayes: Bitcoin Could See a Surge to the $150-200K Range by Late Summer, Ethereum Would Be Considered to Have Met Expectations If It Can Reach $5,000 by the End of the Year

On May 21st, in the most recent interview on the Bankless YouTube channel, Arthur Hayes disclosed that the cryptocurrency portfolio of his family office, Maelstrom, is primarily dominated by two major market cap leaders. There is a fund allocation of approximately 60% in Bitcoin, 20% in Ethereum, and the rest consists of a large number of altcoins, token investment terms, etc. The non-cryptocurrency portion only includes physical gold, gold mining stocks, and government bonds, and that's all. Arthur Hayes stated that he believes Bitcoin will first surge from the current time until the end of summer to the range of $150,000 to $200,000, experience a deep retracement, and is expected to reach $250,000 by the end of 2026. If Ethereum can reach $5,000 by the end of the year, it would meet expectations, which would boost market confidence, and the final bull market cycle could reach $10,000 to $20,000. However, for Ethereum to reach $5,000 will be a difficult uphill battle. Furthermore, t

Vitalik: Hoping to Increase Ethereum's Gas Limit by 10 to 100x

On May 21st, the co-founder of Ethereum, Vitalik Buterin, posted on social media, expressing the hope that the Gas limit of Ethereum would be increased by 10 to 100 times.

Yesterday's U.S. Ethereum Spot ETF saw a net inflow of $64.8 million, marking the third consecutive day of net inflows.

On May 21st, based on Farside's monitoring data, the US Ethereum spot ETF witnessed a net inflow of $64.8 million the previous day, indicating three consecutive days of net inflows.

Analysis: Ethereum Daily Chart Forms Bullish Pennant, Could Rise to $3600

On May 21st, the daily chart price of Ethereum consolidated within the range of $2,400 to $2,750, forming a bullish flag pattern. The target is set at the resistance zone of $3,000 to $3,100. A bullish flag is a continuation pattern. The price previously surged rapidly from $1,900 to $2,730 (forming the flagpole), and the current price range is forming the flag. If the price breaks above $2,600, it may further rise to $3,600 (calculated by adding the height of the flagpole to the breakout point). The key resistance zone is between $3,000 and $3,100. The 200-day Exponential Moving Average (EMA) has provided bottom support for the price. Although the Relative Strength Index (RSI) is still close to the overbought territory, it has significantly cooled off in recent days. A breakout by ETH with the RSI rising and increasing volume may confirm the bullish trend; however, a drop below $2,400 could invalidate the flag pattern. Additionally, crypto trader Merlijn pointed out that on the 12-h

Ethereum co-founder Jeffrey Wilcke's transfer of 105,737 ETH to Kraken remains unsold, raising suspicion of a transfer to a new wallet.

On May 20th, based on the monitoring of LookOnChain, after Jeffrey Wilcke transferred 105,737 ETH to Kraken, 12 new wallets withdrew 105,737 ETH from Kraken (with a value of $262 million). It is possible that Jeffrey Wilcke did not have the intention of selling the ETH and merely transferred it to another wallet.

Ethereum Co-Founder Jeffrey Wilcke has transferred 394,000 ETH to Kraken since 2016, with a total cash-out amount of approximately $510 million.

On May 20th. According to on-chain analyst Wu Jian, 15 minutes ago, Jeffrey Wilcke, one of the co-founders of Ethereum, transferred the last 105,737 ETH from his address to Kraken ($262.07 million), which is suspected to be a liquidation. Since 2016, Jeffrey Wilcke has been continuously transferring ETH to Kraken. So far, he has transferred a total of 394,000 ETH to Kraken for sale. The average price is $1,295, and the total cash-out amount is approximately $510 million.

Ethereum Co-Founder Jeffrey Wilcke Transfers $262 Million Worth of ETH to Kraken

On May 20th, according to Arkham Monitor, Jeffrey Wilcke, one of the co-founders of Ethereum, has just transferred 105,736 ETH to Kraken, with a value of $262 million.

Ethereum Dips Below $2500

On May 20th, according to HTX market data, the price of Ethereum has fallen below $2,500, showing a 24-hour change of 3.6%.

A whale buys $3.5 million worth of Ethereum spot and simultaneously opens a 3x long position.

On May 20th, as monitored by lookonchain, a whale address deposited 7 million USDC into Hyperliquid 3 hours ago. Here are the details: Using 3.5 million USDC, they spot purchased 1,371.87 ETH at a price of $2,551 per ETH. The remaining 3.5 million USDC was used to open a 3x leveraged long position on ETH with an entry price of $2,550.42.

Santiment: Ethereum CEX Supply Hits Historic Low of 4.9%

On May 20th, as per the data disclosed by Santiment, for the first time in its history of more than a decade, Ethereum's supply on exchanges has gone below 4.9%. Additionally, Bitcoin's supply on exchanges has dropped to 7.1% for the first time since November 2018. During the past 5 years, the amount of Bitcoin on exchanges has shrunk by 1.7 million coins, and the amount of Ethereum on exchanges has decreased by 15.3 million coins.