Ethereum Whales Possibly Increasing Holdings Amid Rising On-Chain Activity and Institutional Interest

Key Points

1. A whale wallet acquired approximately $300 million worth of ETH (85,000 tokens) via Galaxy Digital’s OTC desk over three days, despite an unrealized loss of $26 million.

2. Ethereum-focused firm SharpLink expanded its holdings by 30,755 ETH ($108.57 million), now holding 480,031 ETH valued at around $1.65 billion.

3. Ethereum’s on-chain activity surged, with Sentora reporting 931,000 active addresses, indicating robust ecosystem growth.

4. US regulatory developments are increasingly favorable toward blockchain technology, positioning Ethereum as a preferred smart contract platform.

5. Institutional investors like SharpLink are boosting Ethereum’s market, with acquisitions occurring during a price dip, signaling long-term confidence.