An Ethereum whale is reportedly preparing a massive $120 million purchase just as the US government reopens after Trump’s shutdown-ending bill.
As the market positivity rebounds with Washington getting back to business, a huge Ethereum ETH $2 934 24h volatility: 0.3% Market cap: $354.15 B Vol. 24h: $9.48 B whale makes a nine-figure move for a potential accumulation. An anonymous ETH whale, known for buying huge amounts of the altcoin with borrowed stablecoins, has just deposited another $120 million in USDT USDT $1.00 24h volatility: 0.0% Market cap: $186.71 B Vol. 24h: $32.88 B to Binance, the largest crypto exchange by trading volume.
Note that whale #66kETHBorrow, who has already bought 385,718 $ETH($1.33B), just borrowed another 120M $USDT from Aave and deposited it to #Binance — likely preparing to buy even more $ETH.https://t.co/HltSDbLgwE pic.twitter.com/PFmhoU5ef2
— Lookonchain (@lookonchain) November 13, 2025
According to Lookonchain, the whale, tagged as “66kETHBorrow,” initially borrowed the 120 million USDT from Aave, the largest lending protocol.
“66kETHBorrow” has accumulated 385,718 ETH, worth $1.33 billion, so far. The on-chain analyst marks the Binance deposit as preparation “to buy even more” Ethereum.
ETH gained 2.9% in the past 24 hours and is trading at $3,540 at the time of writing. The leading altcoin has a market cap of nearly $430 billion.
Washington Is Back in Business
The 42-day US government shutdown has finally come to an end.
US President Donald Trump signed a bill, which received 222–209 votes from the House in favor of restarting the government operations, late on Nov. 12, former Fox Business reporter Eleanor Terrett posted on X.
🚨JUST IN: In a 222-209 vote, the House has passed a bill to end the longest government shutdown in history, which lasted more than 42 days.
President Trump is expected to sign it tonight at 9:45 PM ET.
— Eleanor Terrett (@EleanorTerrett) November 13, 2025
The reopening triggered positive momentum for the crypto market.
The global crypto market cap rose 0.4% to $3.5 trillion, according to CoinMarketCap data. Moreover, the total trading volume also increased by 12%, surpassing $175 billion — showing rising interest from traders.
Some investors have been preparing for the long-awaited reopening of the US government. On Nov. 12, Coinspeaker reported that Binance saw over $1 billion in stablecoin inflows. Stablecoin deposits into centralized exchanges, which have high liquidity, usually hint at an incoming buying spree. If Bitcoin BTC $87 603 24h volatility: 0.1% Market cap: $1.75 T Vol. 24h: $16.73 B and ETH show strong positive momentum, the broader altcoin market would expectantly follow.
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