Whale Buys 27,553 Ether for $62.97 Million in Five Hours
Key Facts
A whale bought 27,553 ether in five hours, paying about $62.97 million at an average of $2,286 per coin, according to a report published by TokenPost on Nov. 2, 2026, at 12:43 a.m. U.S. Eastern time. The figures establish the size and cost of the transaction, but do not reveal the buyer’s identity. The report describes one purchase only, so it does not in itself establish broader demand among major holders or a link to institutional investors. Another transaction mentioned in an earlier draft was not confirmed and is therefore not included in this account. ETH/USD closed at $2,281.91 in EL7 data on the day the report was published, about $4 below the stated average purchase price.
Daily closes in EL7 data show a volatile path in the days before the transaction. ETH/USD closed at $2,324.55 on Oct. 26, then rose to $2,350.36 on Oct. 27 and $2,359.68 on Oct. 28. The close then fell to $2,253.13 on Oct. 29 and $2,245.54 on Oct. 30, the lowest close in this series. The move places the purchase after a swift retreat from the closing levels recorded on Oct. 27 and 28, while closing data alone do not establish the reason for the decline.
The low recorded on Oct. 30 was followed by a gradual increase in the close over the next two days. ETH/USD ended trading at $2,255.66 on Oct. 31, then registered $2,275.31 on Nov. 1. The close continued higher to $2,281.91 on Nov. 2, according to EL7 data. That recovered part of the decline from the Oct. 28 close of $2,359.68, but remained below it at the end of the period cited. The $2,286 average reported by TokenPost refers to the whale’s purchase over five hours and does not represent the market close on the day the report was published.
Investors are also watching events this week that Reuters said include the U.S. midterm elections, U.S. jobs data and interest-rate decisions in the United Kingdom, Australia, Norway and Sweden. The U.S. Bureau of Labor Statistics set Nov. 6 as the release date for its October 2026 employment report, at 8:30 a.m. U.S. local time. The release falls within a week Reuters described as busy for investors, though the source did not directly link these events to the ether purchase. For the currency, the daily closes available through Nov. 2 remain the latest price points in these data. The material does not give a subsequent date for ETH/USD price data.
On the network’s roadmap, Ethereum’s page said the Glamsterdam upgrade was being tested on development networks, with a mainnet launch expected in the fourth quarter of 2026, without a specific date. The page cited the Hoodi fork on Oct. 27 as the next milestone in the upgrade path. This indicates an expected launch during the current quarter, but provides no specific launch date. The page did not link the upgrade to the whale’s purchase or the price moves recorded in late October and early November. Based on the published details, the transaction remains a specific purchase by one wallet amid price moves both higher and lower over the same period.