The whales were in a hurry to turn plasma deposits into plasma safes as new chains quickly offered opportunities for defi. The Ethereum whales moved funds from their wallets for the first time in four years to participate in the liquidity rush.
The Ethereum whales moved coins from their wallets for the first time in four years and took part in the liquidity rush to the plasma vault. The chain, launched a day ago, is currently pulling out active sediments and expanding locked values to multiple Defi apps.
Early bird Ethereum whales won ETH through mining and Bitfinex purchases. Arkham identified the wallet and noted that the entity moved a total of $800 million in ETH. The entity holds a total of $20 billion in relatively old wallets, comparable to several large Treasury ministries.
The entity has moved its wallet’s first activity in the past four years, 200k ETH.
Alert: $800 million dollars have just moved for the first time in four years
Individual entities holding $2 billion in $ETH have moved $ETH over $800 million.
Their final move was four years ago, and they woke up and deposited themselves in the plasma. https://t.co/4xtnzkigly
– Arkham (@arkham) September 26, 2025
On-chain data shows a wallet It is tagged as potentially belonging to Bitfinex. It also moves the coin to one of the intermediary addresses. The brokerage wallet then borrowed $200 million in USDT from Aave V3 and sent some tranche funds to PlasmaUSD Vault.
Plasma draws record values
Plasma is one of the fastest growing chains and competes with some of the largest venues. Within a day, Plasma USD Vault invited a rush of whale sediment.
The day after its release, the Plasma USD Vault was supplied with over $212 million in USDT and received a constant. Influx From whale-sized moves to retail $5 transactions.
USD vaults are part of the growing defi sector of plasma. The chain has increased its initial supply of $20 billion in USDT, adding more from whales and supporters. As a result, it was fed to the plasma. $2.9 billion The total value is locked. The chain already hosts Aave and other versions of Defi apps.
Plasma’s XPL retains profits on the first day of trading
Plasma’s XPL token tapped its enthusiasm for the chain on the first day of the transaction. The XPL peaked at $1.42, and later held most of its profits at $1.25.
Plasma’s native token XPL repeats at a peak of $1.42 and later retards at $1.25. Source: Coingecko
The token also retained its bullish outlook despite even the smallest ICO depositors’ bonuses and relatively large airdrops. Plasma’s pre-sale has been drawn to both whales and retail, but it paid off all with a considerable aerop from XPL. So even retailers who spent as little as a dollar on gas and received about $10,000 in bonus rewards.
At the same time, XPL didn’t crash like any other airdrop tokens, and on the first day it went into “Up Only” mode. The token also attracted even more attention from permanent Dex traders. High lipids were higher early in XPL trading Open interest Compared to large-scale centralized exchanges.
The closest high lipid competitor, Aster, was unable to tap the rush into XPL due to its platform experiencing a configuration error. The extraordinary level of XPL prices was up to $4, causing liquidation. Aster said the problem is internal and not malicious; Compensate Losses of all affected traders.
