Ether whales' actions are at a six-year high - Could the price of ETH reach $2,650?
Ethereum [ETH] is experiencing a resurgence, and the whales are leading the way. On the 12th of June, wallets containing between 1,000 to 10,000 ETH accumulated a staggering 871,000 ETH in a single day – the largest daily inflow to these wallets since 2017.
This burst of accumulation has snapped a months-long downtrend and set a new 7-year high for Ethereum inflows to large holders. This immense accumulation was evident during the same period that BlackRock, a renowned investment firm, scooped up $15.46 million worth of ETH, demonstrating institutional confidence in the asset.
As more whales and Wall Street heavyweights dive into Ethereum, the asset's next phase could be closer than one might think.
Ethereum Whales Are Back, Baby!
A Wave of Accumulation
The surge in whale buying reflects growing institutional interest and general bullish sentiment towards ETH. The notable accumulation by these large-scale investors underscores their confidence in Ethereum's fundamentals and future prospects.
The trend also signals a shift from retail investors who, during the same period, were predominantly cashing out, shifting ETH towards large wallets.
Additionally, broad market optimism fueled by a 0.5% rise in the S&P 500 index on June 18, 2025, increased overall risk appetite, leading investors to consider more high-stakes investments such as crypto assets like Ethereum.
Moreover, whales have been active within Ethereum's ecosystem, particularly in decentralized finance (DeFi) sectors and Layer 2 scaling solutions. For instance, transaction activity has significantly increased in platforms like the Ethereum Name Service and lending protocols, as well as on Layer 2 networks like Arbitrum and Optimism.
What Impact Does This Have on Ethereum's Future?
- Tighter Supply and Reduced Selling Pressure: The considerable accumulation by whales has significantly reduced the amount of ETH available for sale on exchanges, thereby lessening selling pressure and potentially driving price appreciation.
- Potential Price Increase and Volatility: Whale buying often precedes bullish price movements. Following the accumulation surge, ETH experienced a short-term price hike of around 4.2% to $3,450, suggesting further upward momentum.
- Indication of Long-Term Confidence: The aggressive accumulation by whales, especially institutions, conveys strong faith in Ethereum's long-term potential, potentially drawing in additional investment and fostering ecosystem growth.
- Expanded Ecosystem Growth: The increased whale activity within the Ethereum ecosystem supports the growth and robustness of its infrastructure, enhancing scalability, usability, and, ultimately, adoption.
In essence, the massive daily inflow of ETH to whale wallets since 2017 is due to sustained institutional interest and bullish sentiment, reflecting a retail investor shift, a positive macroeconomic environment, and increased utility and adoption within Ethereum's ecosystem. This trend tightens supply, lessens selling pressure, and may drive future price appreciation and ecosystem growth.
- The resurgence in Ethereum [ETH] is being led by whales, with a record 871,000 ETH accumulated in a single day by wallets holding between 1,000 to 10,000 ETH, indicating a substantial inflow from 2017.
- Institutional confidence in Ethereum is growing, as evidenced by BlackRock's $15.46 million ETH purchase during the same period.
- Whale accumulation, combined with a positive macroeconomic environment and increased utility and adoption within Ethereum's ecosystem, is leading to reduced selling pressure, tighter supply, and potential price appreciation.
- The high-stakes investments in Ethereum, such as those by whales and Wall Street heavyweights, are indicative of a longer-term commitment and could foster ecosystem growth moving forward.
