Ethereum Whale Offloads $2M ETH, Igniting Altcoin Rally in AERO, AIXBT, and VIRTUAL

On May 2, 2025, an anonymous Ethereum whale converted approximately 1,185 ETH (~$2.11M) into three altcoins: AERO, AIXBT, and VIRTUAL. The transaction was identified by Onchain Lens and was executed by first swapping ETH for USDC before purchasing the altcoins. Notably, VIRTUAL experienced a 100% surge in price over the week following the purchase, which underscores the speculative trading that such large-scale transactions can trigger. The sale of ETH by the whale has introduced caution regarding ETH’s market sentiment, as a significant offloading by a major holder may exert downward pressure on its price. Meanwhile, increased trading volumes and heightened investor attention toward the acquired altcoins suggest potential short-term bullish movements in their markets. This event highlights the influential role of whale activities in generating market volatility and speculative opportunities for investors. There are no scheduled deferred events directly related to these movements.