Quick answer: An Ethereum whale, wallet 0x9EcA, spent $62.97 million to buy 27,553 ETH at an average of $2,286 over about five hours on Nov. 2, 2026, per Lookonchain. It came as spot Ether ETFs posted five straight days of outflows, losing $431.4 million from Oct. 26 to Oct. 30, according to Farside Investors.
An Ethereum whale went on a five-hour buying spree on Monday, Nov. 2, 2026, scooping up 27,553 ETH for $62.97 million. On-chain tracker Lookonchain flagged the wallet, 0x9EcA, as one of the biggest single spot buyers of the day.
Above all, the timing stands out. Big funds have been pulling money out of spot Ether ETFs for weeks, yet this buyer paid up in the open market, right after the record Binance hack shook the sector.
Who is the Ethereum whale behind the $63M buy?
Nobody knows yet. For now, the address 0x9EcA05D7…5547 carries no public label for a fund, exchange or company. Lookonchain first posted at 01:17 UTC that the whale had spent 37.96 million USDC on 16,658 ETH in two hours, at an average of $2,279, and added that it was “still buying.”
At 05:37 UTC, the tracker posted an update: over the past five hours, the same whale had spent $62.97 million for 27,553 ETH, at an average of $2,286. In other words, that is roughly 10,900 more ETH in the three hours after the first alert.
However, the coins did not stay put. A CryptoVank check of the address on a public Ethereum node at about 08:00 UTC showed roughly 213 ETH left, with no WETH or USDC balance. So most of the ether has already moved to other addresses. Where it went, cold storage, staking or a custodian, is not clear yet.
How did the ETH price react?
The buying lined up with a small bounce. Hourly CoinGecko data shows ETH near $2,259 at 23:00 UTC on Nov. 1, then $2,293 at 03:00 UTC on Nov. 2. By 07:55 UTC it traded at about $2,280, up 0.5% in 24 hours. You can follow the live number on our Ethereum price page.
As a result, the whale sits almost exactly at break-even. Its 27,553 ETH were worth about $62.8 million at that price.
Why are Ether ETFs selling while an Ethereum whale buys?
Meanwhile, spot Ether ETFs tell the opposite story. According to Farside Investors, the funds had net outflows on 11 of the 13 trading days from Oct. 14 to Oct. 30, 2026, for a total of $911.6 million. In addition, last week alone, from Oct. 26 to Oct. 30, they lost $431.4 million in five straight outflow days. The worst was Oct. 30, at $155.7 million.
Part of the mood comes from the Oct. 29 Binance hack, the largest crypto theft on record. Since withdrawals reopened, users have pulled billions from the exchange, as we covered in Binance net outflows. Also, Bitcoin, at about $77,977, has held below $80,000. For the Bitcoin side of the fund flows, see our Bitcoin ETF flows tracker.
What does the Ethereum whale buy mean for ETH?
One wallet does not make a trend. Still, a $63 million spot buy is the kind of demand traders watch, because it shows someone willing to take ether off the market while funds sell. By contrast, earlier this month, big names moved the other way: Arthur Hayes sold ETH and closed his Maelstrom book.
Here is what to watch next:
- Where the ETH lands. Coins sent to an exchange would hint at a short trade. Coins staked or sent to cold storage would point to a longer hold.
- ETF flows on Nov. 2. If outflows ease, the whale may have been early. If they deepen, $2,250 becomes the level to watch.
- Copycat buying. Lookonchain wrote that “whales are buying ETH like crazy on-chain.” More wallets of this size would matter more than one.
Ethereum Whale FAQ
How much ETH did the whale buy on Nov. 2, 2026?
Wallet 0x9EcA bought 27,553 ETH for $62.97 million over about five hours on Nov. 2, 2026, at an average of $2,286 per coin, according to on-chain tracker Lookonchain.
Who owns wallet 0x9EcA?
The owner is unknown. As of Nov. 2, 2026, the address has no public label linking it to a fund, exchange or company, so any claim about who is behind it is a guess.
Is the whale in profit on its ETH?
Not by much. ETH traded near $2,280 at 07:55 UTC on Nov. 2, 2026, per CoinGecko, which is slightly below the whale’s $2,286 average. That leaves the position close to break-even.
How much have spot Ether ETFs lost recently?
Spot Ether ETFs had $911.6 million in net outflows from Oct. 14 to Oct. 30, 2026, per Farside Investors. That includes $431.4 million in the week of Oct. 26 to Oct. 30.
Not financial advice. Crypto is volatile, so always do your own research (DYOR) before you buy or sell.
