Ethereum Whale Activity During the Biggest Crash Event (Friday, Oct 10th)
- ETH fell from $4,378 → $3,340
- Daily volatility hit 21% (weekly high)
- Whale transactions surged 134%
- Smart money executed $6.9B in DEX swaps
I used @flipsidecrypto’s FlipsideAI to analyze what really happened, no SQL, just a single prompt.
Here’s what the data revealed 🧵👇(1/8)
Pre-Crash Warning Signs(2/8)
Data revealed two major accumulation events before the crash:
- October 6: Whale volume spiked to $21.8B (2.9x normal)
- October 8: Mega spike at $25.5B (3.4x normal)
These were dominated by mega-whale (>$10M) transactions, indicating smart money was positioning before the crash.
What Happened on Crash Day (Oct 10) (3/8)
The whale response was dramatic:
Transaction Surge:
- Mega whale transactions: 132 → 215 (+63%)
- Total whale transactions: 4,541 → 10,653 (+135%)
- Unique whale senders: 2,145 → 4,180 (+95%)
DEX Trading Explosion:
Mega swaps (>$1M): 224 → 520 (+132%)(4/8)
Unique DEX traders: 46 → 166 (+261%)
BUT average mega swap size DROPPED from $17.6M to $9.5M (54% decrease)
On October 10th, whales moved $347B in ERC-20 tokens:(5/8)
Top Acquisitions:
WETH: $100.7B (29%) - Flight to liquidity
aEthUSDS: $73.8B (21%) - Stablecoin safe haven
USDC: $46.8B (13%) - More stablecoins
XOR: $45.5B (13%)
USDT: $31.3B (9%) - Continued stablecoin rotation
WBTC: $24B (7%) - Bitcoin hedge
43% of whale volume went to stablecoins - a clear "risk-off" signal.
Whale Activity Pattern:(6/8)
Pre-crash: Steady 4,000-6,000 transactions/day
Crash day: 10,653 transactions (panic mode)
Post-crash: Normalized to 3,700-4,100/day
Key Takeaways:(7/8)
- The Oct 6 and 8 mega-accumulations totaling $47B+ suggest smart money was positioning before the crash
- During the crash, sophisticated traders took smaller bites across more platforms - classic risk management
- The 261% surge in unique DEX traders shows panic selling/buying from less sophisticated participants
- 43% of crash-day volume going to stablecoins signals extreme risk aversion
Here's the concise Ethereum Crash Analysis Dashboard for the largest crash on October 10, 2025:
(8/8)
Built with FlipsideAI.
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