Whale Wallet Accumulates ETH Amid Heavy Crypto Price Drops Led by BTC

• A whale wallet, 0xFB7, has bought $33.88 million worth of 14,750 ETH from FalconX.
• ETH crypto price has dropped by 10.01% in a single day.
• An economist has speculated on more sales in the next few days.

A whale wallet has just added over 14k ETH to their holdings. This is the second transaction in less than 6 hours. The move comes at a time when every crypto price is seen declining, with the trajectory led by BTC. It is speculated that crypto selling may continue or increase in the next few days.

Whale Wallet Accumulating ETH

According to a post by Onchain Lens, a whale wallet, 0xFB7, has accumulated 14,750 ETH from FalconX. Their value was approximately $33.88 million at the time of the transaction. The total ETH holdings of 0xFB7 are now 150,572, worth around $336.89 million. The same whale wallet had earlier bought 15,642 ETH tokens from Wintermute for $36.24 million.

The whale “0xFB7” has further bought 14,750 $ETH ($33.88M) and 740 $cbBTC ($56.91M) from #FalconX and #Coinbase.

This brings the whale’s holdings to 150,572 $ETH ($336.89M) and 750 $cbBTC ($57.12M).

Address: 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 https://t.co/hxZ0R5ANIg pic.twitter.com/4Alq6hBIpa

— Onchain Lens (@OnchainLens) February 2, 2026

The same whale wallet has simultaneously bought 740 cbBTC from Coinbase for $56.91 million. This is in addition to 10 cbBTC bought earlier from the same platform for $777,58k. The total cbBTC holdings now count for 750 cbBTC at $57.12 million.

ETH Crypto Price Slips Lower

ETH accumulation by whale wallet 0xFB7 comes when the crypto price has lost its momentum and is trading at around $2,192.30. This is after a 24-hour decline of 10.01% and a weekly plunge of 23.51%, when the article is being written.

Notably, the price decline follows the filing of an Ethereum ETF application with the SEC by Morgan Stanley. ETH is now 55.75% down from its ATH of $4,953.73, which was recorded on August 25, 2025.

Nevertheless, Ether is expected to surge by 12.15% in the next 1 month and list at approximately $2,570.63. A bullish ETH price prediction is that the token could end 2026 between $3,484.34 and $4,278.

Crypto Liquidity Concerns

A report by Reuters has quoted Brian Jacobsen, Chief Economist at Annex Wealth Management, highlighting his take on what may happen next. Brian said that a drop on Friday has reminded people of risks, adding that it’s possible that more sales will happen in the next few days.

A drop across the crypto market is also being associated with a statement by former Federal Reserve Governor Kevin Warsh. He has been selected to be the next Fed Chair – he has called for a regime change while also underlining the need for a smaller Fed balance sheet.

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