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Wallet buys 16,658 ETH worth $38M in two hours amid bearish sentiment

Market News
02 Nov 2026, 06:18 WIB
Tokenpost
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Bullish
Wallet buys 16,658 ETH worth $38M in two hours amid bearish sentiment

A cryptocurrency wallet purchased 16,658 Ether (ETH), valued at nearly $38 million, within just two hours. This follows a previous event where Ethereum whales accumulated 60,000 ETH worth about $162 million over a week despite negative social media sentiment about Ether. These large purchases indicate strong confidence in Ethereum's long-term value despite current bearish market mood. Investors may watch for further whale activity as a potential signal of market trends.

The recent large purchase of 16,658 Ether (ETH) provides context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 02, 2026 11:21 WIB: out of 50 major cryptocurrencies, 24 rose and 25 fell. Notable movers include THETA at Rp2.816 with a 1-day change of -3.00%, BNB at Rp12.992.792 with +2.17%, and MANA at Rp1.368 with +2.09%.

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