Lookonchain identified two large-wallet transactions during a sharp market decline, according to a PANews report published on November 9, 2026, at 10:50 a.m. UTC+8. The transactions involved a combined 13,500 ETH, but only one was explicitly reported as a purchase; the other was an exchange withdrawal.
- Wallet 0xFD10: Borrowed 22 million USDT from Aave, then spent 21.55 million USDT to buy 10,000 ETH at $2,155 per ETH.
- Wallet 0x4AB7: Withdrew another 3,500 ETH, valued at $7.53 million, from Binance approximately 10 minutes before the report. Over the preceding week, the address had withdrawn a total of 16,577 ETH, valued at $37.5 million.
What the transactions establish—and what they do not
The first transaction documents a debt-funded ETH purchase. The second documents ETH moving off Binance, not necessarily a purchase at the time of withdrawal. Treating both as contemporaneous buying would overstate what the reported data establish.
These wallet movements offer a snapshot of activity during the sell-off, not an ETH valuation model. The report provides no basis for a fair-value estimate or a conclusion about broader market demand.