Ethereum News Today: Ethereum Whales Accumulate $100M as Price Surpasses $4,000

Ethereum’s largest on-chain participants, often referred to as “whales,” have continued to amass significant amounts of the asset, with over $100 million in ETH being accumulated in a short period. Whale wallet 0xF436 withdrew 17,655 ETH, valued at approximately $72.7 million, from exchanges within the last 18 hours. The movement is believed to be associated with purchases for SharpLink Gaming, indicating potential institutional or strategic interest [1]. Simultaneously, whale wallet 0x3684 spent 34 million USDT to acquire 8,109 ETH at an average price of $4,193, reinforcing the bullish momentum [2].

These transactions, which occurred within less than a day, highlight the strong confidence large investors have in Ethereum’s price action. Whale activity is closely monitored by market analysts, as such movements often reflect the strategic positioning of high-net-worth or institutional investors. Large withdrawals from exchanges typically indicate accumulation, as whales often transfer funds to cold storage rather than preparing for immediate liquidation [1].

In the broader context, Ethereum whales have been steadily increasing their holdings over the past 30 days, adding 1.80 million ETH in total. This accumulation coincides with Ethereum’s price breaking above $4,000 for the first time since January 2025. Analysts have noted these developments as potential indicators of a larger market shift, though they remain cautious about the inherent volatility in the crypto market [3]. The continued accumulation by whales suggests a growing institutional confidence in the second-largest cryptocurrency.

Further reinforcing this trend, another whale has acquired 2,802 ETH—worth approximately $11.297 million—at an average price of $4,032 within a 24-hour period. This activity aligns with broader on-chain data showing a steady increase in the number of Ethereum whale addresses holding large balances [4]. The accumulation patterns observed over recent weeks indicate that top-tier investors are actively positioning themselves for potential gains in the next market cycle.

However, the market remains sensitive to price fluctuations, as demonstrated by the near-liquidation of the Ethereum whale address 0x6bB amid a broader market downturn. This highlights the risks even sophisticated investors face in navigating the fast-moving crypto landscape [5]. Despite such volatility, the combined buying power of these whales can create upward pressure on ETH’s price, particularly if the trend continues. This is especially relevant in the context of bullish on-chain metrics, such as declining exchange reserves and rising network activity, which point to a strengthening market structure.

Institutional confidence in Ethereum is also growing, with corporate treasuries increasingly adopting the asset as part of their reserve strategies. These developments suggest that Ethereum is regaining its role as a foundational asset in the crypto market. Nevertheless, the long-term trajectory will depend on macroeconomic conditions and broader investor sentiment. While the current bullish momentum is encouraging, it remains important to approach the market with prudence.

[1] https://coinmarketcap.com/community/articles/68984f214aa6a72cbd7c7429/

[2] https://www.binance.com/en/square/post/28071339293410

[3] https://cryptodnes.bg/en/whats-ahead-for-ethereum-according-to-top-analysts/

[4] https://yellow.com/research/the-surge-in-ethereum-treasury-firms-who-holds-the-most-eth-and-what-it-means-for-ethereums-market

[5] https://www.arkhamintelligence.com/research