Ethereum Whales Buy $4.78B in ETH Since July, But Is It a “Bagholder’s Dilemma”?
Main Idea
Ethereum has seen significant accumulation by whales and institutions, with over 1.1 million ETH worth $4.78B purchased since July, contributing to a 22% weekly price surge, though skepticism remains about its long-term sustainability.
Key Points
1. Ethereum's price surged 22% in a week, nearing its all-time high of $4,900, with a 2% increase in the last 24 hours.
2. Whales and institutions accumulated over 1.1 million ETH worth $4.78B since July 10, at an average price of $3,584.
3. A single entity amassed 221,000 ETH in 7 days, now holding $116M in unrealized profit, with purchases made via platforms like FalconX and Galaxy Digital.
4. CEO Samson Mow warns of a 'Bagholder’s Dilemma,' suggesting Ethereum's rally may be a means for investors to acquire more Bitcoin, predicting selling pressure as ETH nears its record high.
5. The ETH/BTC ratio has doubled from its April low of 0.018 to 0.036, indicating Ethereum's relative strength against Bitcoin in the short term.
Description
Ethereum gained 22% in a week, closing in on its $4,900 all-time high. Over 1.1 million ETH worth $4.78B accumulated by whales and institutions since July 10. A single entity amassed 221,000 ETH in 7 days, now holding $116M in unrealized profit. Ethereum has resumed its rally, climbing nearly 2% in the last 24 hours to cap an impressive 22% weekly gain. Now just 12% away from its $4,900 all-time high, the move appears to be fueled by a massive accumulation trend among the market’s largest player...
Latest News
- Shiba Inu (SHIB) Price Nears Breakout as Burn Rate Spikes 181% & Whales Move 360B Tokens2025-08-11 10:24:14
- Cardano (ADA) All Set for a 10x Rally to $10, Says Top Analyst2025-08-11 10:21:45
- XRP ETF to Outperform Ethereum ETFs? Canary Capital CEO Says “Absolutely”2025-08-11 09:44:23
- Analyst Predicts a $7.75 XRP When Bitcoin Hits $145,000 in 20252025-08-11 09:37:09
- Ethereum Whales Buy $4.78B in ETH Since July, But Is It a “Bagholder’s Dilemma”?2025-08-11 08:45:16