Ethereum Whales Accumulate $2.89B Buying 790K ETH
On-chain data reveals Ethereum whales have amassed 790,000 ETH (US$2.89 billion) since July 10 at an average price of $3,510 per ETH. Notable transactions include addresses withdrawing 44,983 ETH from FalconX at $3,805 and acquiring 62,966 ETH via Galaxy Digital at $3,820. This sustained whale accumulation highlights strong institutional confidence in Ethereum’s DeFi/NFT ecosystem, EIP-1559 deflationary burn, attractive staking yields under Proof-of-Stake and potential spot ETH ETF inflows. Key metrics—exchange netflow, active addresses, whale holdings and staking ratio—indicate reduced circulating supply and bullish momentum. Traders should monitor Ethereum whales’ flows, consider dollar-cost averaging and leverage on-chain analytics to anticipate market movements.
Bullish
Heavy accumulation by Ethereum whales reduces circulating supply and signals strong institutional confidence. Key on-chain metrics—exchange netflow, active addresses, whale holdings, staking ratio—point to bullish momentum. Historically, large whale buys often precede upward price movements. Short-term, this may tighten supply and push prices higher. Long-term, continued institutional inflows and staking rewards support Ethereum’s fundamental value.