Ethereum Whales Gobble Up 1.5M ETH in Buying Spree – Is a Price Explosion Next?
Ethereum''s biggest players just made their move—and it''s massive. Whale wallets swallowed 1.50 million ETH in weeks, sparking speculation of an imminent price surge. Are we witnessing the calm before the storm?
Follow the smart money
While retail traders chase memecoins, institutional-grade investors are quietly building positions. The last time accumulation hit these levels, ETH rallied 80% in three months. History doesn''t repeat, but it often rhymes—especially when Wall Street''s crypto desks start humming with OTC requests.
Liquidity crunch incoming?
With staking yields holding steady and ETF inflows accelerating, available ETH supply keeps shrinking. Exchanges now hold just 14% of circulating supply—a five-year low. Basic economics suggests what happens next (though your average VC-funded ''web3'' startup still burns cash faster than ETH gas fees).
The smart contract battlefield heats up as ETH''s dominance grows. While competitors tout ''ETH killers,'' the network effect proves brutally efficient. Developers build where the money lives—and right now, that''s Ethereum''s sprawling DeFi ecosystem.
Will history call this the smart accumulation—or just another case of whales manipulating markets before dumping on retail? Either way, buckle up.
ETH Whale Holdings Grow By 3.72% In 30 Days
In an X post on June 14, Santiment provides valuable insights into Ethereum whales’ behaviors. The credible analytics firm reports that all 6,392 of such investors holding between 1,000 and 100,000 ETH have significantly increased their holdings over the past month compared to retail investors.
In adding data to this claim, Santiment further shares that ETH whales have acquired 1.49 million ETH, worth $38.26 million, in the past 30 days, boosting their total holdings by a significant 3.72%.
Generally, whale accumulations are bullish signals that indicate an asset’s strong potential for long-term price appreciation. Therefore, ETH’s recent whale activity is likely to encourage significant levels of retail investment that could incite a price rally.
Interestingly, CoinMarketCap data shows the altcoin has recorded a 2.38% decline over the past month. The token’s price has largely oscillated within a range of $2,400 to $2,800, reflecting indecision in the market amidst external pressures and a lack of clear bullish catalysts.
Ethereum whales have conducted this accumulation spree during a period of market uncertainty, indicating strong investor confidence regardless of the present market situation.
Ethereum Price Overview
At the time of writing, Ethereum trades at $2,536 following a price gain of 1.18% in the past day. Meanwhile, the altcoin is up by 3.82% on its weekly chart after a notable brief price ascent above $2,800.
According to data from CoinCodex, the general ETH market sentiment is bullish while the Greed & Fear Index stands at 61 (Greed). This report is well reflected in the reported accumulation trend.
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The CoinCodex team predicts Ethereum will maintain its range-bound movement in the short term, as indicated by projections of $2,825.11 in five days and $2,767 in a month.
Meanwhile, their long-term forecasts paint a strong bullish future of $4,269.40 in the next three months.
With a market cap of $309.46, Ethereum continues to rank as the second-largest cryptocurrency with a market dominance of 9.4%.
