Ethereum Whale Activity This Month: What Whales Bought and Sold
What tracked Ethereum whale wallets bought and sold on DEXes this month, the biggest trades, exchange moves, Hyperliquid and GMX positions and stablecoin holdings. Updated daily, with every past month kept below.
Published 2026-11-09 · Updated 2026-11-09 · Deep Blue Alpha
Tracked Ethereum whale wallets bought $13.7M and sold $17.6M of coins on DEXes across 696 trades by 143 wallets. The most-bought coin was WBTC ($5.7M) and the most-sold was STETH ($4.6M).
Separately, they withdrew $916.5M from exchanges and deposited $682.1M. Real DEX trades were 1.9% of tracked whale dollar volume; the rest was coins moving on and off exchanges. Whales held $5.58B in stablecoins on 2026-11-09.
November 2026 so far
Window: 2026-11-01 to 2026-11-09 UTC (updated 2026-11-09 14:10 UTC). 1,090 tracked whale wallets made at least one trade or exchange move.
Read the trade numbers with care: real DEX trades were only 1.9% of tracked whale dollar volume this month (696 trades by 143 wallets). Most whale activity was coins moving on and off exchanges, which is shown separately below and is not buying or selling.
Coins whales bought
| # | Coin | Bought | Sold | Net | Trades |
|---|---|---|---|---|---|
| 1 |  WBTC | $5.7M | $4.5M | +$1.2M | 84 |
| 2 |  STETH | $2.6M | $4.6M | -$2.1M | 21 |
| 3 |  CBBTC | $1.6M | $782.6K | +$856.9K | 17 |
| 4 |  LINK | $655.8K | $493.0K | +$162.8K | 14 |
| 5 |  MUON | $600.0K | $0 | +$600.0K | 2 |
| 6 |  TSMON | $502.0K | $0 | +$502.0K | 2 |
| 7 |  ETH | $409.5K | $498.0K | -$88.5K | 45 |
| 8 |  UNI | $278.4K | $783.6K | -$505.2K | 22 |
| 9 |  FXRP | $172.4K | $327.5K | -$155.1K | 189 |
| 10 |  PEPE | $102.9K | $219.1K | -$116.2K | 8 |
Real DEX swaps (SWAP_BUY) by tracked whale wallets, Ethereum mainnet. Stablecoins and yield tokens excluded. ETH includes WETH.
Coins whales sold
| # | Coin | Sold | Bought | Net | Trades |
|---|---|---|---|---|---|
| 1 | STETH | $4.6M | $2.6M | -$2.1M | 21 |
| 2 | WBTC | $4.5M | $5.7M | +$1.2M | 84 |
| 3 |  ENA | $1.1M | $83.0K | -$1.0M | 20 |
| 4 | UNI | $783.6K | $278.4K | -$505.2K | 22 |
| 5 | CBBTC | $782.6K | $1.6M | +$856.9K | 17 |
| 6 |  AAVE | $697.1K | $59.6K | -$637.5K | 32 |
| 7 |  FLUID | $587.0K | $90.1K | -$496.9K | 14 |
| 8 | ETH | $498.0K | $409.5K | -$88.5K | 45 |
| 9 | LINK | $493.0K | $655.8K | +$162.8K | 14 |
| 10 |  PENDLE | $417.6K | $7.5K | -$410.1K | 8 |
What counts as a buy: Exchange moves vs DEX trades (Learn, lesson 2)
Biggest single trades
| Date | Coin | Side | Value | Paid / received | Wallet |
|---|---|---|---|---|---|
| 2026-11-02 | WBTC | sold | $2.3M | USDC | 0x2136…1dec |
| 2026-11-05 | STETH | sold | $1.7M | USDT | 0x2229…895e |
| 2026-11-04 | STETH | sold | $1.3M | USDT | 0x52ee…aae3 |
| 2026-11-02 | WBTC | bought | $582.9K | USDC | 0xa089…c1d2 |
| 2026-11-02 | WBTC | bought | $582.1K | USDC | 0xa089…c1d2 |
| 2026-11-05 | MUON | bought | $500.0K | USDC | 0x7cfd…3467 |
| 2026-11-05 | TSMON | bought | $500.0K | USDC | 0x7cfd…3467 |
| 2026-11-01 | UNI | sold | $486.3K | — | 0xcf60…e224 |
| 2026-11-05 | STETH | bought | $431.9K | USDT | 0x2229…895e |
| 2026-11-05 | STETH | bought | $431.9K | USDT | 0x2229…895e |
One large trade can drive a coin's monthly total; check the wallet before reading a row as broad behavior. Spotting noise in whale data (lesson 8)
Exchange moves (secondary)
Coins leaving exchanges are commonly read as accumulation-side flow and coins arriving as distribution-side flow. Neither is a purchase or a sale. Net leaving exchanges: $234.4M across 5,414 moves.
| Most net withdrawn | Net leaving | Most net deposited | Net arriving |
|---|---|---|---|
| ETH | $90.0M |  WLD | $4.7M |
| LINK | $24.6M | ENA | $2.0M |
| STETH | $23.4M |  POL | $1.6M |
 SHIB | $23.1M |  CBETH | $1.6M |
| PEPE | $15.1M |  EIGEN | $895.8K |
| CBBTC | $13.5M |  ZRO | $615.9K |
 LIT | $13.0M |  WLFI | $612.8K |
 ONDO | $11.6M |  APR | $569.5K |
 QNT | $8.7M |  XCN | $530.8K |
| AAVE | $4.1M |  DRV | $513.8K |
How to read this: Accumulation vs distribution (lesson 4)
Derivatives: Hyperliquid and GMX
Position changes by the whale accounts Deep Blue Alpha follows on public perpetual-futures venues (tracking started 2026-11-04). Added = new and enlarged positions; cut = reduced and closed positions.
| Venue | Longs added | Longs cut | Shorts added | Shorts cut | Accounts |
|---|---|---|---|---|---|
| Hyperliquid | $1.66B | $1.92B | $1.78B | $1.85B | 532 |
| GMX | $18.0M | $19.3M | $21.7M | $27.0M | 40 |
Largest new positions opened
| Date | Market | Side | Size | Account |
|---|---|---|---|---|
| 2026-11-06 | ETH | long | $19.9M | 0x92b7…e0f4 |
| 2026-11-05 | ETH | long | $18.0M | 0xe813…6d74 |
| 2026-11-06 | BTC | long | $15.2M | 0x7c4b…e00b |
| 2026-11-06 | ZEC | long | $11.7M | 0xfc5e…9949 |
| 2026-11-06 | XRP | long | $10.8M | 0x58f0…0d20 |
Hyperliquid, position size in USD at open. A position is a past, public account state, not a signal.
New to perps: Perpetual futures explained (lesson 11) · Reading public derivatives positions (lesson 15)
Stablecoins held by whales
Tracked whale wallets held $5.58B in stablecoins on 2026-11-09, down from $6.08B on 2026-11-05 (-8%). 4,298 whale wallets held some; stablecoins were 5.4% of their tracked holdings. Stablecoin whale board →
Compared with 2026-10
| Measure | November 2026 (so far) | 2026-10 |
|---|---|---|
| Bought on DEXes | $13.7M | $15.2M |
| Sold on DEXes | $17.6M | $114.7M |
| Withdrawn from exchanges | $916.5M | $2.50B |
| Deposited to exchanges | $682.1M | $2.36B |
The current month is not finished, so no percentage change is shown.
October 2026
Window: 2026-10-01 to 2026-11-01 UTC. 2,129 tracked whale wallets made at least one trade or exchange move.
Read the trade numbers with care: real DEX trades were only 2.6% of tracked whale dollar volume this month (1565 trades by 256 wallets). Most whale activity was coins moving on and off exchanges, which is shown separately below and is not buying or selling.
Coins whales bought
| # | Coin | Bought | Sold | Net | Trades |
|---|---|---|---|---|---|
| 1 | ONDO | $3.4M | $30.2K | +$3.3M | 76 |
| 2 | ENA | $2.1M | $33.3M | -$31.3M | 87 |
| 3 | PEPE | $1.6M | $31.8M | -$30.2M | 158 |
| 4 | WBTC | $1.2M | $496.9K | +$693.5K | 37 |
| 5 | ETH | $1.1M | $4.7M | -$3.6M | 322 |
| 6 | UNI | $833.2K | $297.9K | +$535.3K | 31 |
| 7 |  MM | $300.0K | $0 | +$300.0K | 4 |
| 8 | WLD | $251.8K | $5.5M | -$5.2M | 11 |
| 9 |  ZAMA | $246.9K | $1.7M | -$1.5M | 46 |
| 10 |  NIL | $241.3K | $0 | +$241.3K | 15 |
Real DEX swaps (SWAP_BUY) by tracked whale wallets, Ethereum mainnet. Stablecoins and yield tokens excluded. ETH includes WETH.
Coins whales sold
| # | Coin | Sold | Bought | Net | Trades |
|---|---|---|---|---|---|
| 1 | ENA | $33.3M | $2.1M | -$31.3M | 87 |
| 2 | PEPE | $31.8M | $1.6M | -$30.2M | 158 |
| 3 | LINK | $25.6M | $198.7K | -$25.4M | 111 |
| 4 | WLD | $5.5M | $251.8K | -$5.2M | 11 |
| 5 | ETH | $4.7M | $1.1M | -$3.6M | 322 |
| 6 |  MORPHO | $3.4M | $49.5K | -$3.3M | 10 |
| 7 | ZAMA | $1.7M | $246.9K | -$1.5M | 46 |
| 8 | STETH | $1.6M | $0 | -$1.6M | 1 |
| 9 |  RE | $1.0M | $5.0K | -$1.0M | 8 |
| 10 |  SPX | $700.5K | $99.8K | -$600.7K | 18 |
What counts as a buy: Exchange moves vs DEX trades (Learn, lesson 2)
Biggest single trades
| Date | Coin | Side | Value | Paid / received | Wallet |
|---|---|---|---|---|---|
| 2026-10-30 | ENA | sold | $6.8M | ETH | 0x7f9d…15e3 |
| 2026-10-30 | ENA | sold | $4.4M | ETH | 0x7f9d…15e3 |
| 2026-10-30 | ENA | sold | $4.4M | ETH | 0x7f9d…15e3 |
| 2026-10-30 | ENA | sold | $3.1M | ETH | 0x7f9d…15e3 |
| 2026-10-30 | ENA | sold | $2.4M | ETH | 0x7f9d…15e3 |
| 2026-10-30 | ENA | sold | $2.1M | ETH | 0x7f9d…15e3 |
| 2026-10-30 | ENA | sold | $1.8M | ETH | 0x7f9d…15e3 |
| 2026-10-30 | ENA | sold | $1.7M | ETH | 0x7f9d…15e3 |
| 2026-10-30 | STETH | sold | $1.6M | USDT | 0x2229…895e |
| 2026-10-30 | ENA | sold | $1.6M | ETH | 0x7f9d…15e3 |
One large trade can drive a coin's monthly total; check the wallet before reading a row as broad behavior. Spotting noise in whale data (lesson 8)
Exchange moves (secondary)
Coins leaving exchanges are commonly read as accumulation-side flow and coins arriving as distribution-side flow. Neither is a purchase or a sale. Net leaving exchanges: $139.4M across 21,037 moves.
| Most net withdrawn | Net leaving | Most net deposited | Net arriving |
|---|---|---|---|
| LINK | $64.4M | STETH | $33.5M |
| WBTC | $35.2M | ETH | $27.3M |
| UNI | $32.2M | PEPE | $9.5M |
 FET | $18.3M |  SAND | $6.0M |
| WLD | $14.0M |  DYDX | $5.9M |
| SHIB | $13.3M | CBETH | $5.1M |
| EIGEN | $12.6M |  STRK | $4.9M |
| ONDO | $11.9M |  KITE | $4.7M |
| CBBTC | $11.0M |  GTC | $4.4M |
| QNT | $10.5M |  IRYS | $3.2M |
How to read this: Accumulation vs distribution (lesson 4)
Get this data
Every number on this page comes from the same whale-flow dataset that Deep Blue Alpha for Business delivers by API, webhooks and daily files: each move labeled as a DEX trade or an exchange move, with wallet, coin, value and time.
Deep Blue Alpha for Business Download a sample file API docs MethodologyFor teachers and students
This page is a monthly real-data example for the free on-chain analysis course: each section links to the lesson that explains it. Instructors can use it as a live case study; see notes for instructors.
Method and definitions
- Bought and sold mean real DEX swaps by a tracked whale wallet. Nothing else is called a buy or a sale.
- Exchange moves are coins sent to or from centralized-exchange addresses. They are shown separately and never counted as trades.
- Whales are the 20,000+ Ethereum wallets on Deep Blue Alpha’s tracked list, chosen by holdings. Moves by exchange wallets themselves are excluded.
- Stablecoins, yield tokens and re-wraps (for example WBTC to cbBTC) are not counted as coins bought or sold. Moves over $1B are excluded as data errors.
- Derivatives come from the public account data of Hyperliquid and GMX for the whale accounts we follow. Stablecoin holdings are read once a day.
- All times are UTC. Full details: methodology and measuring a signal honestly (lesson 9).
See what whales are buying right now
This page looks back by month. The live board shows today’s tracked whale trades and exchange moves.
Open the live board →