Ethereum’s Mega Whales Fuel Historic August Surge - Strongest Performance in Four Years

Ethereum just shattered expectations with its most powerful August showing since 2021—and the whales are leading the charge.

Big Money Moves

Mega-whale accumulation patterns reveal institutional-grade buying pressure that's pushing ETH beyond typical seasonal patterns. These deep-pocketed investors aren't just dipping toes—they're diving in headfirst.

Market Momentum

Trading volumes exploded as ETH bypassed resistance levels that stumped previous rallies. The asset's cutting through market noise like a hot knife through butter—while traditional finance still tries to figure out whether crypto's a 'phase.'

Four-year highs don't lie—even if some Wall Street analysts still pretend not to understand the difference between a blockchain and an Excel spreadsheet.

Since then, every August has closed in negative territory, highlighting how significant this year’s reversal was for the second-largest crypto.

Glassnode data shows that so-called “mega whales,” entities holding 10,000 or more Ethereum, were the main drivers of last month’s rally. Their cumulative net inflows peaked at 2.2 million ETH over 30 days, before their buying momentum leveled off.

At the same time, mid-sized whales with balances between 1,000 and 10,000 ETH appear to have shifted back into accumulation. After several weeks of distribution earlier this year, these investors recorded a net inflow of 411,000 ETH over the past 30 days.

While the pause in mega whale accumulation could signal caution ahead, the return of large buyers points to continued institutional and high-net-worth interest in the digital asset.