Ethereum mega whales are significantly increasing their holdings as the cryptocurrency’s price rebounds, fueled by robust institutional demand and substantial inflows into spot Ethereum ETFs. This accumulation trend underscores growing confidence in ETH’s long-term valuation following recent market volatility.
BlackRock’s iShares Ethereum Trust ETF has attracted $1.7 billion in net inflows across ten consecutive trading sessions, signaling strong institutional endorsement. Concurrently, Ether demonstrated resilience by climbing from under $3,400 to $3,560 after a brief weekend correction. Blockchain analytics reveal over 200 new mega whale addresses—wallets holding at least 10,000 ETH—have emerged since early July, reflecting aggressive positioning by large-scale investors.
Notable institutional engagement includes a $300 million over-the-counter (OTC) ETH purchase via Galaxy Digital. Market experts attribute this surge in accumulation to accelerating institutional adoption, citing enhanced regulatory clarity and ETF accessibility as key catalysts. Industry analysts project sustained growth in institutional Ethereum exposure as traditional finance channels deepen their cryptocurrency infrastructure.