Ethereum Whales and Sharks Accumulate 1.49 Million ETH, Now Hold Nearly 27% of Supply—Bullish Signals as Retail Sells
Recent data from Santiment reveals that Ethereum whales and sharks—wallets holding between 1,000 and 100,000 ETH—have accumulated a net 1.49 million ETH over the past month. This marks a 3.72% increase in their holdings, bringing their collective control to 26.98% of the total Ethereum supply. This accumulation has taken place while retail investors were taking profits, indicating a rotation of ETH from smaller holders to larger entities. The move suggests growing confidence and potential bullish sentiment among institutional and high-net-worth investors. With the increased ETH concentration among whales, market participants should be aware of possible reduced liquidity and the likelihood of heightened price volatility. Historically, significant whale accumulation often precedes major price movements. Ethereum traders are advised to closely monitor whale wallet activity as these trends could signal important changes in market direction.
Bullish
The accumulation of 1.49 million ETH by Ethereum whales and sharks indicates a clear bullish sentiment among large investors, particularly as retail investors have been taking profits. This concentrated buying suggests strong confidence in future ETH price appreciation and typically signals a potential upward move in the market. The reduced liquidity, as more ETH is held by fewer large holders, could amplify price volatility and make the asset more sensitive to both positive and negative news. Historically, similar whale accumulation phases have preceded significant price rallies. For crypto traders, increased whale activity often acts as an early indicator of large, directional market moves.