Ethereum whales, defined as wallets holding between 1,000 and 10,000 ETH, accumulated over 871,000 ETH in a single day—the largest daily inflow this year. This surge has increased their collective holdings to 27% of Ethereum’s circulating supply, marking a significant concentration of assets among major investors.
Despite Ethereum’s price hovering near $2,548 amid broader market indecision, the aggressive accumulation by whales suggests potential preparation for an upcoming price breakout. This divergence between whale activity and short-term price stagnation highlights strategic positioning by large holders.
Concurrent ecosystem growth reinforces this trend, with record-breaking metrics including 35 million ETH locked in staking contracts and accumulation addresses holding 22.8 million ETH. Whale participation has also intensified across Layer 2 networks and Ethereum Name Service (ENS) domains.
The accumulation pattern mirrors behavior last observed in 2017, a period historically preceding major price movements. Analysts attribute this activity to anticipation of protocol upgrades and rising institutional interest in decentralized finance (DeFi) and tokenization initiatives.
Technical indicators currently show a neutral Relative Strength Index (RSI) of 54, reflecting market consolidation. However, sustained whale buying pressure indicates strong confidence in Ethereum’s long-term value proposition amid ongoing network developments.