Ethereum Whale Activity Surges as Holdings Reach 9-Year High
In recent developments, Ethereum whale wallets have significantly increased their holdings, moving over $174 million off major exchanges in just 24 hours. This activity has pushed whale addresses to control 46% of the total ETH supply, marking a notable rise in centralization. As Ethereum approaches its realized price point, the market is abuzz with speculation about potential deep-value buying or selloffs. The past few weeks have seen substantial accumulation by major wallets, with Lookonchain data highlighting three prominent wallets leading this trend. This surge in whale activity underscores growing confidence or strategic positioning among large holders, potentially signaling significant market movements ahead.
Ethereum Whale Holdings Hit 9-Year High
In the last 24 hours, Ethereum whale wallets have moved more than $174 million back to wallets off major exchanges. Whale addresses now control 46% of ETH supply, indicating an increase in centralization. Ethereum is approaching the realized price point, suggesting potential deep value buying or selloffs. Significant whale activity has been observed in the past few weeks, pointing to accumulation. According to Lookonchain data, three major wallets have withdrawn a total of 85,668 ETH ($174,503,634) from exchanges since February, with one wallet moving $48.73 million worth of ETH from Binance after April 1st and another withdrawing $97.26 million worth of ETH from Gate.io.
Unichain’s TVL Surges 2966% In Two Days
Unichain’s Total Value Locked (TVL) has seen a massive surge since April 15, jumping from $9 million to a record high of $267 million within just two days. This significant growth is attributed to the launch of its liquidity incentive campaign on that day. Most of the inflow went into v4 pools, which now hold over 6% of Uniswap’s total TVL. Unichain, an Ethereum Layer-2 network powered by UniSwap, did not experience remarkable market activity initially after its formal establishment in February 2025, but this recent surge has attracted more funds and users.
Ethereum whale buys $5.8 mln in ETH after 2.8 years of dormancy
An Ethereum whale that had been dormant for 2.8 years woke up to buy 3,659.83 ETH for $5.88M DAI. This occurred despite a continued drop in the price, which was far below fair value according to Ethereum’s MVRV. The MVRV Z-Score dipped below the neutral zone to hit the accumulation zone, indicating that ETH was trading under its intrinsic worth. A sustained low MVRV reading might indicate price undervaluation, which could invite institutional and smart money participants and trigger price growth. The price declined -45.3% during Q1 2025 to reach levels below $2000, last seen in mid-2023.
Ethereum Traders on Edge Amid Consolidation
Ethereum [ETH] is consolidating between $1,540 and $1,630, forming a high-stakes battlefield for bulls and bears. Whale accumulation has slowed down, leverage has risen, signaling high-risk positioning before a breakout. The Ethereum burn rate has also dropped sharply, weakening the network’s deflationary support. On-chain data revealed that over 7.9 million ETH held by addresses were bought within this price range. The IOMAP chart highlighted robust support between $1,513 and $1,585.
Abstract Chain Active Addresses Surge to 105K
Abstract Chain, a new Ethereum Layer-2 network, is experiencing significant growth with active addresses hitting 105K, a first since its launch. This surge is fueled by the popularity of the Bigcoin game. Since early April, the number of active addresses on Abstract Chain has doubled, reaching nearly twice as much as in previous weeks.
